11 S.D. 564 | S.D. | 1899
This action was instituted, by a stockholder of a private corporation for profit, to require the officers of such corporation to make a just and true account as to all of its business affairs, to restrain such officers from selling or incumbering its property, to have a receiver, appointed to take charge of all its property, and to have the corporation dissolved. The administrator of a deceased stockholder, seeking the same relief, was permitted to intervene. Answers were served by the defendants, and upon the issues thus joined the cause was referred. Upon the coming in of the referee’s report and decision, the court made an order appointing a receiver- of all the property of the defendant corporation, both real-and personal.' After reciting the proceedings substantially as heretofore stated, the order concludes as follows: “And whereas