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NACOL v. STATE

No. B14-89-00665-CV.

792 S.W.2d 810 (1990)

Mae NACOL and Gene Blackwell, Appellants, v. The STATE of Texas, Appellee.

Court of Appeals of Texas, Houston (14th Dist.).

Rehearing Denied July 12, 1990.

Attorney(s) appearing for the Case

Marian S. Rosen, Mary M. Rawlins, Houston, for appellants.

Ronald Sommers, Houston, Rose Ann Reeser, Austin, for appellee.

Before ROBERTSON, SEARS and DRAUGHN, JJ.

OPINION

ROBERTSON, Justice.

This case arises out of a suit brought by the State of Texas seeking the appointment of a receiver for ARMS of America (Multiple Sclerosis Research) Limited ("ARMS") and injunctive relief. Within two years after being funded with over $1 million, ARMS maintained a cash balance of $100,000 with expenses of $50,000 per month. The attorney general sought to place ARMS in receivership to determine if the organization could be restructured...

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