ARTHUR J. STANLEY, Jr., Chief Judge.
On February 8, 1958, the defendant sold his majority stock interest in the Coffeyville Loan and Investment Company, Inc. (C. L. I. C.) to Donald Elbel or his associated companies. From that date until sometime in August or September, 1958, the defendant continued as director of C. L. I. C.
On the 17th day of July, 1959, the petition of C. L. I. C. for reorganization under Chapter X of the Bankruptcy Act was approved.
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