GELDER & ASSOC. v. ST. PAUL FIRE & MARINE INS. CO.

No. 7710SC53.

239 S.E.2d 604 (1977)

34 N.C. App. 731

GELDER & ASSOCIATES, INC. v. ST. PAUL FIRE AND MARINE INSURANCE COMPANY.

Court of Appeals of North Carolina.

Certiorari Denied March 7, 1978.


Attorney(s) appearing for the Case

Edgar R. Bain, Lillington, for plaintiff appellee.

Smith, Anderson, Blount & Mitchell by John L. Jernigan and Joseph E. Kilpatrick, Raleigh, for defendant appellant.


Certiorari Denied by Supreme Court March 7, 1978.

VAUGHN, Judge.

Defendant contends that the court erred in granting plaintiff's motion for summary judgment and argues that defendant was entitled to a judgment in its favor as a matter of law.

A laborers' and materialmen's lien may be discharged of record by, among other ways, complying with the following:

"Whenever a corporate surety bond, in a sum equal to one and one-fourth [1¼] times...

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