Fla. Court Can't Install Fla. Receiver For Out-Of-State Biz

Law360, New York (March 21, 2014, 6:40 PM EDT) -- A Florida appeals court ruled Wednesday that state courts do not have the authority to appoint a Florida resident as a receiver for Ohio corporations, reversing a trial court decision that appointed a Florida receiver for an apartment complex in Dayton, Ohio.

Florida’s Fourth District Court of Appeal said the trial court that appointed a Florida receiver over Florida company Altels Management LLC and its wholly owned subsidiary Barrington Spring House LLC, an Ohio corporation — both of which own the Riverview Park Apartments — had...
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