RSN Properties, Inc. v. Jones

MARTIN, Chief Judge.

Plaintiff, RSN, Properties, Inc. (RSN), was incorporated in North Carolina with three shareholders: Rickie Day (R. Day), who served as President, Beverly Gurkin (Gurkin), who served as Secretary-Treasurer, and Charlotte Day (C. Day). RSN and N. Earl Jones (Jones) are the only member-managers of River Run Investments, LLC (River Run), a limited liability company organized primarily for the purpose of buying and selling real property.

Jones, an attorney, executed the Articles of Organization and Operating Agreement for River Run; these documents permitted the members to…