Opinion by Judge TAUBMAN.
Defendant, Fort Collins Assemblage, Ltd. (FCAL), appeals the trial court's order granting the request of plaintiff, GE Life and Annuity Assurance Company (GE), to appoint a receiver. FCAL also appeals the judgment entered against it and in favor of GE. We reverse and remand for further proceedings.
GE was the holder of a promissory note in the original principal sum of $1,000,000. Originally executed by a third party in 1985, the...
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