BERKELEY FEDERAL SAV. BANK v. TERRA DEL SOL, INC., 342 N.C. 639 (1996)

BERKELEY FEDERAL SAV. BANK v. TERRA DEL SOL, INC., 342 N.C. 639 (1996) 466 S.E.2d 276 BERKELEY FEDERAL SAVINGS BANK (f/k/a BERKELEY FEDERAL SAVINGS AND LOANASSOCIATION), A FEDERALLY CHARTERED SAVINGS BANK v. TERRA DEL SOL, INC.,A KENTUCKY CORPORATION, STEVEN K. SMITH, A NATURAL PERSON; LINDENWOODLAND COMPANY, LTD., A KENTUCKY LIMITED PARTNERSHIP; ILEX PROPERTYSERVICES, INC., A KENTUCKY CORPORATION; HORIZON RESORTS, INC., ANORTH CAROLINA CORPORATION; FOXFIRE RESORTS, INC., A NORTH CAROLINACORPORATION; FIRST RESORT PROPERTIES OF N.C., INC., A NORTH CAROLINACORPORATION; RANCH RESORTS OF N.C., INC., A NORTH CAROLINA CORPORATION;GULF COAST LAND COMPANY, AN ADMINISTRATIVELY DISSOLVED FLORIDA CORPORATION,AND PREMIER RESORTS, INC., AN INVOLUNTARILY DISSOLVED MASSACHUSETTSCORPORATION No. 271PA95Supreme Court of North Carolina Filed 9 February 1996 On discretionary review pursuant to N.C.G.S. § 7A-31 of a unanimous decision of the Court of Appeals, 119 N.C.