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PARK REGENCY v. R & D DEVELOPMENT

No. 5056.

402 S.C. 401 (2012)

741 S.E.2d 528

PARK REGENCY, LLC, Landy Properties, LLC, and Sowers Properties, LLC, individually and in a derivative capacity on behalf of Crossroads Retail, LLC, Appellants, v. R & D DEVELOPMENT OF THE CAROLINAS, LLC, Hawkensen Construction, Inc., and Carl's Construction, Inc., Respondents.

Court of Appeals of South Carolina.

Decided November 28, 2012.

Attorney(s) appearing for the Case

Walter Keith Martens , of Hamilton, Martens & Ballou, LLC, of Rock Hill, for Appellants.

Thomas B. Roper , of Rock Hill, and James B. Richardson, Jr. , of Columbia, for Respondents.

CURETON, A.J.

In this suit arising from a dispute among members of a limited liability company (LLC), the trial court dissociated R & D Development of the Carolinas, LLC (R & D) from the company and ordered the remaining members of the company to purchase R & D's distributional interest. Appellants contend the trial court erred in (1) not considering the company's legal obligation to repay debts to its remaining members and other relevant and undisputed...

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