Opinion
Gen. No. 42,148. (Abstract of Decision.)
Opinion filed February 13, 1942 Rehearing denied March 2, 1942
CORPORATIONS, § 626 — injunction to protect minority stockholders. Where the complaint of minority stockholders against the directors and officers of an apartment building corporation and others charged defendants with fraudulent conduct of corporate affairs and with a plan and purpose on their part to secure benefits to which they were not entitled, an interlocutory injunction restraining the defendants, pending a hearing on the suit, from executing a mortgage on all property of the corporation, was proper.
See Callaghan's Illinois Digest, same topic and section number.
Appeal from Circuit Court of Cook county; Hon. GEORGE F. RUSH, presiding.
Affirmed. Heard in first division, first district, this court at December term, 1941.
Jones, Mulroy Staub and Howard D. Moses, for appellants;
Don Kenneth Jones, Ernest F. Staub and Howard D. Moses, of counsel;
Ringer, Reinwald Sostrin, for appellees;
Philip E. Ringer and Morris Sostrin, of counsel.
"Not to be published in full." Opinion filed February 13, 1942; rehearing denied March 2, 1942.