Merritt Bros. v. Marine Midland Realty Credit Corp.

Finney, Justice:

Appellant Marine Midland Realty Credit Corporation (Marine) appeals from an order of the circuit court denying its *214motion to stay a circuit court action against Marine on the grounds that the corporation through whom the action arose, Hooker Core, Inc., doing business as L.J. Hooker Developments (Hooker), was in bankruptcy. We affirm.

Hooker, a real estate developer, undertook construction of a business and industrial center in Greenville County, South Carolina. Marine agreed to lend Hooker up to $4,800,000 to finance construction. Respondent Merritt Brothers, Inc. (Merritt)…