Preview:

ANGEL FIRE RESORT OPERATIONS, LLC V. CORDA, 2005-NMCA-084, 138 N.M. 50, 116 P.3d 841
ANGEL FIRE RESORT OPERATIONS, L.L.C.,
Plaintiff-Appellant,
v.
JAMES B. CORDA, et al.; LEWIS PIERCE and
BETTY PIERCE; and PIERCE LAND AND
DEVELOPMENT CO.,
Defendants-Appellees.

Docket Nos. 24,440; 24,947; 24,948
COURT OF APPEALS OF NEW MEXICO
2005-NMCA-084, 138 N.M. 50, 116 P.3d 841
April 19, 2005, Filed

APPEAL FROM THE DISTRICT COURT OF COLFAX COUNTY, Sam B. Sanchez, District Judge.
Certiorari Denied, No. 29,269, July 7, 2005. Released for Publication July 19, 2005.
COUNSEL
Daniel E. Rakes, Angel Fire, NM, Charles K. Purcell, Edward Ricco, Rodey, Dickason, Sloan, Akin & Robb, P.A., Albuquerque, NM, for Appellant. Thomas A. Simons, IV, Daniel H. Friedman, Simons & Slattery, LLP, Santa Fe, NM, for Appellees.

JUDGES
LYNN PICKARD, Judge. WE CONCUR: CYNTHIA A. FRY, Judge, MICHAEL E. VIGIL, Judge. AUTHOR: LYNN PICKARD.

OPINION
PICKARD, Judge.
{1} This case provides us with another opportunity to evaluate and interpret the bankruptcy-related documents of an entity emerging from bankruptcy.  See Home & Land Owners, Inc. v. Angel Fire Resort Operations, L.L.C., 2003-NMCA-070, 133 N.M. 733, 69 P.3d 243 (hereinafter HALO) (involving the same entity and different portions of the same documents).  The dispute here concerns whether Angel Fire Resort Operations, L.L.C. (the Resort) can sue landowners when those landowners do not pay their annual assessments.  The documents designate that the annual assessments are to be used for the upkeep of a ski area, a golf course, and other amenities (the amenities).  The trial court ruled as a matter of law that the Resort could not sue, and the Resort has appealed.  We reverse.
BACKGROUND
{2} As indicated in HALO, 2003-NMCA-070,

Download 2005-NMCA-084.pdf

New Mexico Law