Lowder v. All Star Mills, Inc.
Court of Appeals of North Carolina
1Opinion of the Court
EAGLES, Judge.
Defendants argue that the method the trial court used to allocate the receivership’s expenses constitutes error. We disagree.
*332Those who benefit from the receivership should bear its expense and, where several parties benefit, the expense should be allocated in proportion to the benefit received. See Bank v. Country Club, 208 N.C. 239, 179 S.E. 882 (1935); Graham v. Carr, 133 N.C. 449, 45 S.E. 847 (1903). Because the benefit received from the receivers’ services will largely depend on the facts in each case, the trial court has discretion in apportioning the expenses of…
2Cases cited5 opinions
- Kelly v. . McLambSupreme Court of North Carolina · 1921
- Graham v. Carr.Supreme Court of North Carolina · 1903
- Bank of Pinehurst v. Mid-Pines Country Club, Inc.Supreme Court of North Carolina · 1935
- Simmons v. . AllisonSupreme Court of North Carolina · 1896
- First Federal Savings & Loan Ass'n v. StephensSupreme Court of Georgia · 1970
3Cited by4 opinions
- Fed. Sec. L. Rep. P 96,549, 18 Ucc rep.serv.2d 588 Securities and Exchange Commission v. Charles Phillip Elliott, Charles O. Farrar, Receiver-Appellee, Kenneth J. Davis, Linda J. Davis, Leroy H. Moeller, as Personal Representative of the Estates of Adolph Hagstrom, Squire J. Kingston, Elizabeth Woods, Caroline Estelle, Lynnis H. McClain Ted Masco, Anita K. Hailey, Earl Setterblade, Francis Setterblade, Lloyd Schutzman, Shirley Schutzman, Albert C. Heil, Melvin Burkhardt, Rosa Ella Burkhardt, Howard Dore, Ruth Dore, Gerald J. Braun, Christie Braun, Monica Brooke Braun, C. Albert Ducharme Trust and Catherine F. Ducharme Trust, Seaton F. McDaniel Josephine McDaniel Trudy and Sidney Kleiner, Claimants-Appellants. Securities and Exchange Commission v. Charles Phillip Elliott, Charles O. Farrar, Receiver-Appellee, Melvin Burkhardt and Rosa Ella Burkhardt, Movants-AppellantsCourt of Appeals for the Eleventh Circuit · 1992
- Sayer v. BowleyNebraska Supreme Court · 1993
- Securities & Exchange Commission v. ElliottCourt of Appeals for the Eleventh Circuit · 1992
- Lowder v. All Star Mills, Inc.Court of Appeals of North Carolina · 1991