George D. King v. Kay S. King - 10/30/12

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Tuesday  October 30, 2012 
1:00 PM  EST

1 p.m. 49A02-1202-MF-73. Appellant-Defendant, George Dean King (George), appeals the trial court’s findings of fact and conclusions of law approving the Receiver’s Verified Final Accounting relating to the receivership of eight business entities founded by George W. King (George Sr.) and the distribution of the receivership assets among George Sr.’s three children, George, Robert King, and Kay S. King. George presents this court with four issues: (1) Whether the trial court erred by approving the Receiver’s elimination of certain inter-company accounts receivable belonging to Crown Associates, Inc. prior to distributing Crown to George; (2) Whether the trial court properly decided that the Receiver was not required to reimburse World Corp. for tax payments relating to inter-company accounts prior to distributing World to George; (3) Whether the trial court properly enforced the Receiver’s Plan of Distribution, which required any beneficiary who unsuccessfully appealed a Receiver’s action pursuant to the Plan of Distribution to bear the costs of the appeal; and (4) Whether the trial court properly released the Receiver from liability for all actions taken or not taken during the pendency of the receivership.

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