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REPUBLIC NAT. BANK v. DLP INDUSTRIES

No. 24025.

441 S.E.2d 827 (1994)

REPUBLIC NATIONAL BANK, Respondent, v. DLP INDUSTRIES, INC., Glenn E. Deese and James T. Pulliam, Individually and as Officers and/or Directors of DLP Industries, Inc., Petitioners.

Supreme Court of South Carolina.

Decided March 7, 1994.

Rehearing Denied April 6, 1994.

Attorney(s) appearing for the Case

Henry L. Deneen, of Kirkland, Wilson, Moore, Allen, Deneen & Taylor, P.A., West Columbia, for petitioners.

Darra W. Cothran, of Woodward, Leventis, Unger, Herndon & Cothran, Columbia, for respondent.

MOORE, Justice:

This case is before us on a writ of certiorari to review the Court of Appeals' decision in Republic National Bank v. DLP Industries, Inc., et al., Op. No. 93-UP-102 (S.C.Ct.App. filed April 8, 1993). We affirm.

FACTS

In November 1989 Petitioners defaulted on a $100,000 loan. In March 1990 respondent Republic National Bank (Bank) filed a claim and delivery action. In August 1990 Bank repossessed the collateral which consisted...

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