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IN RE LAKELAND DEVELOPMENT CORPORATION

No. 40417.

152 N.W.2d 758 (1967)

In re Involuntary Dissolution of LAKELAND DEVELOPMENT CORPORATION. James E. ANDERSON, Petitioner, Respondent, v. David W. ANDERSON, Objector, Appellant.

Supreme Court of Minnesota.

August 18, 1967.

Attorney(s) appearing for the Case

Harry H. Peterson, Minneapolis, for appellant.

Byron W. McCullagh, William B. Korstad, Minneapolis, for respondent.

OPINION

PETERSON, Justice.

This is an appeal from an order of the District Court of Hennepin County appointing a liquidating receiver and directing the liquidation of Lakeland Development Corporation responsive to a petition for involuntary dissolution by one of its two stockholders of record, pursuant to Minn.St. 301.49.1 The ultimate question for decision is whether the trial court abused its discretion in granting the petition...

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