Syrovy v. Alpine Resources, Inc.

Sweeney, A.C.J.

George Syrovy recovered a $90,000 judgment against Alpine Resources, Inc., and Ken Reoh. In an attempt to satisfy the judgment, Syrovy executed on a piece of property owned by Alpine. Syrovy purchased the property for $25,000 at a sheriffs sale. Following the sale, Reoh bought Alpine’s right of redemption for $500. A written assignment of the redemption rights from Alpine to Reoh was acknowledged and signed by Reoh, as secretary of Alpine. The assignment conveyed the redemption right to himself as an individual. Reoh, as secretary of Alpine, also signed a corporate resolution…