Summary

Portrait of William R. Day William R. Day Waters-Pierce Oil Company v. Texas…

When we examine the opinion of the court of civil appeals we find that it sustained the proceeding for the appointment of a receiver, not only under the act of April 11, 1907, but, as well, by virtue of subdivision 3 of article 1465 of Sayles's Civil Statutes for Texas, passed originally in 1887, which subdivision provides that a receiver may be appointed where a corporation has been dissolved, or is insolvent, or in imminent danger of insolvency, or has forfeited its corporate rights.
Source: Wikisource

Portrait of William R. Day William R. Day Waters-Pierce Oil Company v. Texas…

The practice of the state courts in acting upon matters within their jurisdiction is left for the states and their courts administering their laws to determine, and, if the court saw fit to act upon the testimony already heard and the conviction already had of the violation of the anti-trust laws of the state, there is nothing in the Federal Constitution which prevents it from so doing.
Source: Wikisource

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