Peninsula Property Owners Association, Inc. v. Crescent Resources

TYSON, Judge.

The Peninsula Property Owners Association, Inc. (the “PPOA”) appeals from judgment entered granting Crescent Resources, LLC’s (“Crescent”) motion to dismiss and motion for summary judgment based on the PPOA’s lack of standing. We affirm.

I. Background

Beginning in 1989, Crescent, a subsidiary of Duke Power Company, developed “the Peninsula,” a planned residential community on Lake Norman near Charlotte, North Carolina. Crescent sold over nine hundred lots in the Peninsula between 1990 and 1 January 1999. As part of the development, Crescent established the PPOA as a North Carolina…