First National Bank of Vandalia v. Trail Ridge Farm, Inc.

PRESIDING JUSTICE KASSERMAN

delivered the opinion of the court:

Defendants, Richard and Lucille McGovern, E. Andrew and Eileen Orlet, Donald Bergman, William Kamm (hereinafter referred to as the investors) and the First National Bank of Belleville, have perfected this appeal from an order of the circuit court of Fayette County which approved the final receivership accounting of defendant, Trail Ridge Farm, Inc., and discharged the receivers and their surety. The facts are as follows:

In 1976, Trail Ridge Farm, Inc., was established for the purpose of operating a dairy farm. In order to finance…