Glenn C. Shaw v. Ashley L. Robison and

ELLETT, Justice: Shaw and Robison each owned fifty per cent of KOVO, Inc., a corporation which owns and operates a radio station. Differences arose between them with regard to the management of the corporation, including disputes over the status of the accounts of each in relationship to each other and to the corporation. The differences could not be resolved, and Mr. Shaw filed suit, ultimately asking for the appointment of a receiver. A counterclaim was filed by Mr. Robison. After a hearing, the court appointed a receiver. The two parties later settled their difficulties and jointly moved the court to terminate the receivership. The court denied the joint motion.