Ocean Winds Corp. v. Lane

We accepted this certified question from the United States District Court to determine whether certain events trigger the running of the statute of repose codified at S.C.Code Ann. § 15-3-640 (Supp.2000).

FACTS

The district court made the following findings of fact: Plaintiff Ocean Winds Corporation of Johns Island (“Ocean Winds”) developed, built, and owned a condominium project on Sea-brook Island. In April 1997, Ocean Winds Council of Co-Owners sued Ocean Winds in its capacity as owner/developer/builder for water damage and other structural problems with the property. Ocean Winds thereafter…