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STURKIE v. SIFLY

0081

280 S.C. 453 (1984)

313 S.E.2d 316

W. Russell STURKIE, as Receiver of Property of Carolina Furniture Manufacturing Company, Inc., Appellant, v. Raymond W. SIFLY and Fischer C. Walter, individually and as officers and directors of Carolina Furniture Manufacturing Co., Inc., Respondents.

Court of Appeals of South Carolina.

February 17, 1984.

Attorney(s) appearing for the Case

Hammond A. Beale, Columbia, for appellant.

Charles B. Horger, Orangeburg, for respondent Fischer C. Walter.

James D. Nance, Orangeburg, for respondent Raymond W. Sifly.

Feb. 17, 1984.

CURETON, Judge:

The appellant receiver instituted this suit premised upon a common law action to pierce the corporate veil and a statutory action under Section 33-11-240, Code of Laws of South Carolina, 1976 for improper distribution to the respondents as stockholders. The receiver appeals from the order of the trial judge dismissing his case on the merits. We affirm.

The controversy centers around the actions of respondents Sifly and...

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