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PHILLIPS v. TIRES, TUBES, WHEELS, INC.

No. 81-149.

625 S.W.2d 449 (1981)

Kenneth PHILLIPS, Contractors Tire and Supply, Inc., and Gary A. Johnson, Appellants, v. TIRES, TUBES, WHEELS, INC., Appellee.

Supreme Court of Arkansas.

November 30, 1981.

Attorney(s) appearing for the Case

Gayle D. Zimmerman, Crossett, for appellants.

Arnold, Hamilton & Streetman, Crossett, for appellee.

ADKISSON, Chief Justice.

Appellee, Tires, Tubes, Wheels, Inc., brought suit on account and requested appointment of a receiver to preserve the assets of appellants' business.

After finding that appellants failed to comply with the Uniform Commercial Code — Bulk Transfers, Ark.Stat.Ann. §§ 85-6-101 — 109 (Add. 1961), the Ashley County Chancery Court entered an order appointing a receiver pendente lite as authorized by Ark.Stat...

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