Hawthorn Bank & Hawthorn Real Estate, LLC v. F.A.L. Investments, LLC

JAMES EDWARD WELSH, Judge.

Appellants Jerry and Melody Green and F.A.L. Investments, LLC, appeal the circuit court’s judgment in favor of Hawthorn Bank and Hawthorn Real Estate, LLC (collectively, “Hawthorn”) on Hawthorn’s petition for declaratory judgment. Finding no error in the circuit court’s judgment, we affirm.

Background

The circumstances underlying this lawsuit began in 2008 when Jerry Green and Richard Samson1 each held a fifty-percent interest in Green and Samson, LLC, a real estate development company. The company’s sole asset consisted of seventy-eight acres of undeveloped property…