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GLASSBURN v. LAKELAND DEVELOPMENT COMPANY

No. 47972.

340 S.W.2d 641 (1960)

Dr. C. W. GLASSBURN and Blanche Glassburn, Plaintiffs-Respondents, v. LAKELAND DEVELOPMENT COMPANY, Incorporated, a Missouri Corporation, Defendant-Appellant.

Supreme Court of Missouri, Division No. 1.

Rehearing Denied December 12, 1960.

Attorney(s) appearing for the Case

Keyes, Bushman & Hearne, Russell T Keyes and John L. Hearne, Jefferson City, for defendant-appellant.

Claude T. Wood, Richland, for respondents.

WESTHUES, Presiding Judge.

Plaintiffs in this case as creditors and stockholders of the defendant Lakeland Development Company, Inc., filed this suit to have a receiver appointed for the corporation and for liquidation. The main assets of the corporation consisted of about 1,700 acres of land in Miller County, Missouri, situated northeast of the Lake of the Ozarks near the Dam. The defendant filed an answer and a counterclaim...

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