Henderson v. Palmer Union Oil Co.

On the application of the plaintiffs made ex parte, based on a verified complaint and the execution of an undertaking in an amount fixed by the court and approved by it, the superior court of Alameda County made an order appointing one Samuel J. Taylor, a resident of said county, receiver of the court to take charge of the estate and effects of the Palmer Oil Company.

The complaint in the case is quite voluminous, and it seems unnecessary to set it out in detail. Respondents claim that the conditions for the appointment, stated in the complaint, sufficient to warrant said appointment are as follows: “(a) The charter of the Palmer Oil Company expired on the twenty-eighth day of March, 1913. (b) On that day, the de D fendants, Brown, Van Ee, Hilborn, Stratton, and Ladd, were all of its directors, (c) The plaintiffs, before the expiration of the charter, were and thence to the filing of the complaint continued to'be stockholders, (d) Palmer Oil Company was a California corporation, (e) At the time of the expiration of its charter, Palmer Oil Company had estate and effects, debts and property due and belonging to it to be divided among its stockholders, (f) Frauds and improper…