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MILLER v. GANDEE

0426

285 S.C. 174 (1985)

328 S.E.2d 482

Charles MILLER, suing derivatively on Behalf of GRAND STRAND DIVERSIFIED, INC., Appellant, v. N. Kent GANDEE, Glendon P. Sprouse and Grand Strand Diversified, Inc., Respondents.

Court of Appeals of South Carolina.

Decided March 26, 1985.

Attorney(s) appearing for the Case

Robert W. Dibble, Jr., and Robert E. Stepp, both of McNair, Glenn, Konduros, Corley, Singletary, Porter & Dibble, P.A., of Columbia, for appellant.

John C. Thompson, of Thompson & Henry, P.A., of Conway, for respondents.

Heard Jan. 28, 1985.

Decided March 26, 1985.

SHAW, Judge:

This shareholder derivative action arises from a corporation's assignment of its major asset. Appellant Charles Miller is a one-third shareholder and was an officer and director of respondent Grand Strand Diversified, Inc. (GSD). Respondents N. Kent Gandee and Glendon P. Sprouse are one-third shareholders and officers and directors of GSD. Miller brought this action on behalf of GSD against...

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