THIS OPINION HAS NO PRECEDENTIAL VALUE.  IT SHOULD NOT BE CITED OR RELIED ON AS PRECEDENT IN ANY PROCEEDING EXCEPT AS PROVIDED BY RULE 268(d)(2), SCACR.

THE STATE OF SOUTH CAROLINA
In The Court of Appeals

Trinity Investments, LLC, Respondent,

v.

Marina Ventures, Inc. and Pioneer Properties, Inc., Appellants.

Appeal From Georgetown County
�Benjamin H. Culbertson, Circuit Court Judge

Unpublished Opinion No. 2011-UP-587
Heard October 31, 2011 � Filed December 21, 2011

AFFIRMED

Franklin D. Beattie, Jr. and G. Turner Perrow, Jr., of Georgetown, for Appellants.

Laura Mitchum Moyer and Robert Wade Maring, of Georgetown, for Respondent.

PER CURIAM: Marina Ventures, Inc. and Pioneer Properties, Inc. appeal the appointment of a receiver to sell property in satisfaction of a mortgage, arguing (1) the circuit court lacked subject matter jurisdiction to appoint a receiver; (2) even if the circuit court had subject matter jurisdiction, the appointment was improper; (3) laches and adverse adjudication bar the appointment of a receiver; and (4) a presumption of payment arises from the creditors' repeated abandonment of a foreclosure action.� We affirm pursuant to Rule 220(b)(1), SCACR, and the following authorities:

1.� As to whether the circuit court had subject matter jurisdiction to appoint a receiver: S.C. Code Ann. � 15-65-10(4) (2005) (providing the circuit court may appoint a receiver "when a corporation has been dissolved, is insolvent, or in imminent danger of insolvency . . ."); S.C. Code Ann. � 15-65-10(1) (2005) (providing the circuit court may appoint a receiver before judgment when the applicant shows the property is in "danger of being lost or materially injured or impaired" and the applicant has a right to that property in the possession of an adverse party). �

2.� As to the remaining issues: Jones v. Lott, 387 S.C. 339, 346, 692 S.E.2d 900, 903 (2010) (holding issues and arguments are only preserved for review when they are raised to and ruled on by the circuit court); S.C. Dep't of Transp. v. First Carolina Corp. of S.C., 372 S.C. 295, 301, 641 S.E.2d 903, 907 (2007) (holding issues not raised to and ruled upon by the circuit court are not preserved for appellate review); S.C. Dep't of Transp. v. M & T Enter., 379 S.C. 645, 658-59, 667 S.E.2d 7, 15 (Ct. App. 2008) ("Without an initial ruling by the . . . [circuit] court, a reviewing court simply would not be able to evaluate whether the . . . [circuit] court committed error."); Knight v. Waggoner, 359 S.C. 492, 496, 597 S.E.2d 894, 896 (Ct. App. 2004) (finding arguments made for first time on appeal are not preserved for review).

AFFIRMED.

SHORT, WILLIAMS, and GEATHERS, JJ., concur.