HB 545, 44th R.S.
Relating to amending a certain Article of the 1925 Revised Civil Statutes; providing ground for the appointment of receivers for foreign corporations, providing for the appointment of a receiver for a foreign corporation, and all property situated in Texas of such foreign corporation upon the application of five percent of the preferred stockholders or upon the application of ten persons owning or holding preferred stock, or either, when the stated dividends under any class of preferred stock, held by the applicants, shall be in arrears in an aggregate amount equal to the annual stated dividend due under such preferred stock.
Author: J. Franklin Spears
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