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FIRST UNION NAT. BANK v. BOYKIN

No. A94A2219.

455 S.E.2d 406 (1995)

216 Ga. App. 732

FIRST UNION NATIONAL BANK v. BOYKIN et al.

Court of Appeals of Georgia.

Certiorari Granted May 25, 1995.

Attorney(s) appearing for the Case

Minor, Bell & Neal, Rickie L. Brown, Robert G. McCurry, Dalton, for appellant.

Avrett, Ponder & Withrock, John T. Avrett, Mitchell & Mitchell, James H. Bisson III, William J. Kimsey, Dalton, for appellees.

McMURRAY, Presiding Judge.

Superior Yarn Dyeing, Inc. ("Superior Yarn" or "the company") entered into a loan agreement with First Union National Bank ("First Union") in November 1988 with a principal amount of $400,000, plus a $250,000 line of credit. This loan was secured via the company's assets and separate guaranty agreements executed by the president of Superior Yarn, John Boykin, and Michael L. Percy, a major stockholder...

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