Lockerman v. S. River Electric Membership Corp.

BRYANT, Judge.

Where defendant, an electric cooperative, did not owe plaintiffs a fiduciary duty with regard to the discounting of capital credits and plaintiffs' claims are otherwise barred by the statute of limitations or were released pursuant to N.C. Gen. Stat. § 28A-25-6(e), the trial court did not err in granting defendant's motions for summary judgment, and we affirm the orders of the trial court.

Defendant South River Electric Membership Corporation ("SREMC", or "the Cooperative"), is a nonprofit electric membership cooperative organized and existing pursuant to the laws of the North…