Valley View Church of God in Christ, Inc. v. King

Ingram, Justice.

These appeals from Fulton Superior Court involve the right of a holder of unsecured corporate church bonds to recover on the bonds prior to their maturity and to set aside, as a fraudulent conveyance, the transfer of real property of the issuer of the bonds, The Valley View Baptist Church, Inc. to a third-party church, The Valley View Church of God in Christ, Inc. The third-party church agreed, as a part of the purchase price for the realty, to issue new bonds to the holders of the original bonds. Plaintiff refused to surrender his old bonds and accept new bonds from the…