# Village of Pinehurst v. Regional Investments of Moore, Inc.

> Court of Appeals of North Carolina · January 16, 1990 · 97 N.C. App. 114

URL: https://www.frixlaw.com/law-library/cases/9845370

## Case

- **Full name:** VILLAGE OF PINEHURST v. REGIONAL INVESTMENTS OF MOORE, INC., WACHOVIA BANK AND TRUST COMPANY, N.A., PINEHURST ENTERPRISES, INC., RESORT HOLDING CORPORATION, PINEHURST WATER COMPANY, INC., PINEHURST SANITARY COMPANY, INC., THE CITIBANK, N.A., FIRST NATIONAL BANK OF CHICAGO, THE CHASE MANHATTAN BANK, N.A., CROCKER NATIONAL BANK, WELLS FARGO, N.A., FIRST PENNSYLVANIA BANK, N.A., FIRST NATIONAL STATE BANK OF NEW JERSEY, J. WALTER McDOWELL, III, JOHN KARSCIG, JR., ROBERT W. VAN CAMP and JAMES R. VAN CAMP
- **Court:** Court of Appeals of North Carolina
- **Decided:** January 16, 1990
- **Citations:** 97 N.C. App. 114; 387 S.E.2d 222; 1990 N.C. App. LEXIS 27
- **Precedential status:** Published
- **Opinion:** Dissent by Phillips
- **Judges:** Becton, Phillips
- **Cited by:** 2 later opinions in the Frix Law Library

## Citator (automated)

- No negative treatment found by the automated citator. That is not the same as a confirmation that the case is good law; read the citing cases.
- Full citator and citing cases: https://www.frixlaw.com/law-library/cases/9845370

## Opinion text

Judge Phillips
dissenting.
In my opinion: (1) The right of first refusal granted by the 1973 consent judgment is valid and legally binding upon the parties; (2) the rule against perpetuities does not apply to the circumstances recorded; and (3) because of its, and its predecessors’, acceptance of the benefits of the consent judgment Pinehurst Enterprises, Inc. is estopped from disputing its validity.

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Source: Frix Law Library, https://www.frixlaw.com/law-library/cases/9845370. Public record. Not legal advice.