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ROYALS v. PIEDMONT ELEC. REPAIR CO.

No. COA99-609.

529 S.E.2d 515 (2000)

James ROYALS, Jr., and Carl F. Benfield, Co-Executors of the Estate of A.G. Draughan, Deceased, Plaintiffs, v. PIEDMONT ELECTRIC REPAIR COMPANY, a North Carolina corporation, Robert G. Draughan, Sr., and F.W. Short, Defendants, v. Nancy A. Draughan, James L. Royals, Jr., Administrator of the Estate of Betsy Draughan Hackler, Judy Draughan Phillips, Peggy Draughan Hulin, James L. Royals, Jr. (Individually), Robert G. Draughan, Jr., David Michael Draughan, and Steven D. Coe, Third-Party Defendants.

Court of Appeals of North Carolina.

May 2, 2000.

Attorney(s) appearing for the Case

Wyatt, Early, Harris & Wheeler, L.L.P., by William E. Wheeler, High Point, for plaintiff-appellees.

Keziah, Gates & Samet, L.L.P., by Jan H. Samet, High Point, for defendant-appellant Piedmont Electric Repair Company.

Roberson, Haworth & Reese, PLLC, by Robert A. Brinson, High Point, for defendant-appellant Robert G. Draughan, Sr.

Fisher, Clinard & Craig, PLLC, by Rick Cornwell, High Point, for defendant-appellant F.W. Short.

LEWIS, Judge.

Since 1955, North Carolina has served as a pioneer and "shining light" in the protection of minority shareholder rights. Robert Savage McLean, Note, Minority Shareholders' Rights in the Close Corporation under the New North Carolina Business Corporation Act, 68 N.C.L.Rev. 1109, 1125-26 (1990) (citing a quote by Professor F. Hodge O'Neal that appeared in the Charlotte Observer on May 20, 1989). In this appeal, we are asked to re-affirm that...

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