Corporation Disposition of Assets Requiring Shareholder Approval
contract for sale a clause that the sale is conditioned upon shareholder approval
Timbering Land in NC
You own land with harvestable timber. But you, like me, are not in the timber business. If you are not careful, you will not get paid what you should get paid. First, decide if you want a timber consultant. If you hire one, make sure the contract (yes, get a signed...
Partition Sale – Forsyth County NC 4310 Robinhood Rd.
Partition Sale 2018 for 0.43 Single Family Residence at 4310 Robinhood Road in Winston-Salem
Lake Norman Property (lake front) Sale
This lakefront property on Lake Norman is near I-77 and just off Williamson Road & Centre Church Road near Mooresville.
DOT Sanctioned by Forsyth County Judge
In the order the court used the following language about the DOT’s failure to comply with its order: “reckless indifference, gross negligence and bad faith.” “No one at NCDOT sounded the alarm that delays were occurring. At the [sanctions] hearing, NCDOT primarily engaged in finger-pointing, both within and without the NCDOT organizational structure.” The order’s findings of fact included that the DOT has hired at least 7 law firms to represent the DOT in the Map Act cases, including the N.C. Attorney General’s Office.
Shelby Bypass U.S. 74 Inverse Condemnation
Shelby Bypass U.S. 74 Condemnation is underway. The Shelby Bypass is subject to the Map Act Cases for inverse condemnation. The Map Act was filed on property owners in the path of the US 74 Bypass in 2010. For those that have not filed Map Act Inverse Condemnation...
3 New Segments in Eastern Leg of Northern Beltway Under Contract
NC Department of Transportation announced it awarded the contract to build three additional legs of the Eastern Northern Beltway.
Judge Orders that NCDOT Cannot Limit Interest Rate for Map Act Corridor Property Owners
The Court ruled it was unconstitutional on a strict scrutiny determination. The court asked “Can the State justify cutting the presumptive interest rate calculation for certain similarly-situated landowners by demonstrating a compelling governmental interest?” The court answered it’s question “The answer is obviously no.”
Map Act Appellate Opinion on Dismissal
After the property owners filed their inverse condemnation cases & After the property owners received a partial judgment determining there was a taking & After the DOT was ordered to plat the property, appraise, and deposit, The NCDOT tried to file separate...
Raleigh’s Triangle Expressway Back on Track
Wake County's Judge Collins ordered the NCDOT to begin paying property owners in the path of 540 that have been trapped by the Map Act Corridor for over a decade. A scheduling order has been ordered for DOT to plat, appraise and deposit funds for the value taken from...