HILL, Justice.
The Nesmith family, plaintiffs-appellants, owned 50 percent of the stock in J & G Shoes, Inc. The Elwell family, defendants-appellees, owned the remaining 50 percent. On April 13, 1978, the appellants filed their complaint seeking the appointment of a liquidating receiver. As grounds for liquidation, they alleged that the four directors were deadlocked in the operation of corporate affairs, that the shareholders were unable to break the deadlock...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.
