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IN RE LOS ANGELES LAND AND INVESTMENTS, LTD.

No. BK 67-352.

282 F.Supp. 448 (1968)

In the Matter of LOS ANGELES LAND AND INVESTMENTS, LTD., a Corporation, Debtor.

United States District Court D.Hawaii.

February 21, 1968.

Attorney(s) appearing for the Case

William F. Thompson, III, Honolulu, Hawaii, for James R. Light and Los Angeles Land and Investments, Ltd.

Ralph S. Aoki, Trustee of L. A. Land & Inv., Honolulu, Hawaii, H. William Burgess, Honolulu, Hawaii, for trustee.

Arthur E. Pennekamp, W. Stevens Tucker, C. J. Odenweller, Jr., Allen F. Corotto, San Francisco, Cal., by C. J. Odenweller, Jr., San Francisco, Cal., One of the Counsel for the Securities and Exchange Commission.

DECISION

TAVARES, District Judge.

This matter involves a corporate reorganization proceeding under Chapter X of the Bankruptcy Act (11 U.S.C.A. Sec. 501 et seq.). The issue presented concerns the proper classification of the creditors and stockholders of the debtor company pursuant to Section 197 of the Bankruptcy Act, 11 U.S.C.A. Sec. 597.

Los Angeles Land and Investments, Ltd., debtor herein, was created under the laws of the State of Hawaii for...

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