JOHN S. COVINGTON, Judge.
In this shareholders' derivative action, plaintiffs appeal the judgment dismissing their suit for rescission of a sale of corporate assets and recalling the appointment of a temporary receiver.
We reverse, render and remand.
Rosemound Improvement Association, Inc. (Rosemound), incorporated as a non-profit corporation in 1960, was organized for the purpose of promoting the orderly development of Rosemound subdivision and recreational...
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