WeSAV Financial Corp. v. Lingefelts

I respectfully dissent. I see no reason at all to remand the case so that Resolution Trust Corporation (RTC) can be substituted for WeSav Financial Corporation. The judgment should be affirmed.

The case relied on by the majority for its holding that the case should be remanded, Insurance Comm’n v. New South Life Ins. Co., 270 S.C. 612, 244 S.E. (2d) 289 (1978), is not applicable here. New South involved the special circumstance of an insurance company, not a finance company, that was under a plan of rehabilitation. Moreover, New South was being sued by its alter ego. Also, New South, unlike…