McNeil v. Southern Golf Investments of Georgia, Inc.

Andrews, Chief Judge.

Alex McNeil appeals from the trial court’s order granting summary judgment to Southern Golf Investments of Georgia, Inc. (Southern Golf) on his shareholder’s derivative action pursuant to OCGA § 14-2-831. McNeil sought an accounting of profits made from the sale of real estate belonging to Southern Golf and one-third of the corporate profits resulting from that sale. Because we find that at the time of the sale McNeil no longer owned any shares in the corporation and thus had no standing to bring the action under OCGA § 14- 2-831, we affirm the judgment of the trial court.