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PIERSON v. HURLEY

No. 11659.

387 F.2d 384 (1967)

Ralph G. PIERSON, Appellee, v. Raymond S. HURLEY and Mount Pisgah Country Club, Inc., Appellants.

United States Court of Appeals Fourth Circuit.

Decided December 18, 1967.

Attorney(s) appearing for the Case

James F. Blue, III, Asheville, N. C. (Williams, Williams & Morris, Asheville, N. C., on brief) for appellants.

J. M. Baley, Jr., Asheville, N. C., (Parker, McGuire & Baley, Asheville, N. C., on brief) for appellee.

Before BOREMAN, BRYAN and BUTZNER, Circuit Judges.

PER CURIAM:

The point in this review is the validity of the sale by receivers, in acceptance of a private bid, of all the real and personal property in Haywood County, North Carolina, of the Mount Pisgah Country Club, Inc., a corporation of that State. The District Court decreed the sale on the receivers' representation that it was necessary to preserve and avoid waste of the corporate assets. We now decline the appellants' request to set aside the sale, for they...

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