South Bay Enterprises, Inc. v. Mirada Bay Petroleum, Inc.
Court of Appeals of Kentucky
1Opinion of the Court
OPINION
SCHRODER, Judge.
Appellant, South Bay Enterprises, Inc. (South Bay), appeals from an August 13, 1996 order and judgment of the Fayette Circuit Court, finding South Bay’s default judgment and accompanying writ of execution against appellee, Mirada Bay Petroleum, Inc. (Mirada), subordinate to Ahmed Al-Yazdfis (Al-Yazdi) claim for royalties arising from a September 10, 1990 royalty agreement with Mirada. We affirm.
South Bay was the largest stockholder of Mirada. Mirada was in dire financial straits, and records from Board of Director meetings evince that in May 1991, the board resolved to…
Also in this document: Concurrence.
2Cases cited6 opinions
- CTC Inv. Co. v. Daniel Boone Coal CorporationDistrict Court, E.D. Kentucky · 1931
- Webster v. Industrial Acceptance CorporationCourt of Appeals of Kentucky (pre-1976) · 1930
- Wilkey v. Ohio Valley National Bank of Henderson (In Re Baird)United States Bankruptcy Court, W.D. Kentucky · 1985
- Fannin's Ex'r v. HaneyCourt of Appeals of Kentucky (pre-1976) · 1940
- McKenzie v. CommonwealthCourt of Appeals of Kentucky (pre-1976) · 1963
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- In Re LynumUnited States Bankruptcy Court, E.D. Kentucky · 2000
- In re: Benjamin Ritchie v.Bankruptcy Appellate Panel of the Sixth Circuit · 2009
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