High Point Bank & Trust Co. v. Sapona Manufacturing Co.

HUNTER, Robert C., Judge.

High Point Bank and Trust Company (“plaintiff’), as executor of the estate of Elizabeth M. Simmons (“Mrs. Simmons”), appeals from the trial court’s order and opinion granting Sapona Manufacturing Company (“Sapona”), Acme-McCrary Corporation (“Acme”), and Randolph Oil Company’s (“Randolph”) (collectively “the defendant corporations” or “defendants”) motion for summary judgment. 1 The trial court determined that no material issue of fact exists and that plaintiffs claim that defendants were required to purchase Mrs. Simmons’ shares in the defendant corporations after…