PENLEY v. PENLEY

No. 16A84.

332 S.E.2d 51 (1985)

314 N.C. 1

Clyde M. PENLEY v. Betty Roberts PENLEY and Hamburg Valley, Inc.

Supreme Court of North Carolina.

July 3, 1985.


Attorney(s) appearing for the Case

Carter & Kropelnicki by Steven Kropelnicki, Jr., Asheville, for plaintiff-appellant.

Elmore & Powell by Bruce A. Elmore, Sr., and Bruce A. Elmore, Jr., Asheville, for defendant-appellees.


FRYE, Justice.

This case involves a struggle between a Buncombe County couple, now divorced, over the ownership of a Kentucky Fried Chicken business in Hendersonville, North Carolina. The plaintiff-husband claims he is entitled to 48 percent of the business which has now been incorporated. A jury, responding to the only issue placed before them, decided that the plaintiff was indeed entitled to ownership of 48 percent of the stock of the corporate defendant. On appeal...

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