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JACKSON MILLS, INC. v. BT CAPITAL CORP.

No. 23998.

440 S.E.2d 877 (1994)

JACKSON MILLS, INC., Respondent, v. BT CAPITAL CORPORATION, Appellant.

Supreme Court of South Carolina.

Decided January 24, 1994.

Attorney(s) appearing for the Case

James M. Brailsford, III and Jacquelyn L. Bartley both of Robinson, McFadden & Moore, P.C., Columbia, for appellant.

Michael E. Spears, Spartanburg, for respondent.

CHANDLER, Acting Chief Justice:

BT Capital Corporation (BTC) appeals Circuit Court's order denying its motion to stay the present litigation pending arbitration.

We reverse.

FACTS

In 1983, Jackson Mills (JM) was formed with capital contributions from BTC, including BTC's purchase of 10,000 shares, representing 33.33% of JM's common stock. The Shareholder's Agreement (S/A), dated September 30, 1983, provided BTC the option to sell its...

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