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IN RE PEOPLES LOAN & INVESTMENT COMPANY

No. FS-68-B-15.

316 F.Supp. 13 (1970)

In re PEOPLES LOAN & INVESTMENT COMPANY, Debtor.

United States District Court, W. D. Arkansas, Fort Smith Division.

August 14, 1970.

Attorney(s) appearing for the Case

James Gallman, Fayetteville, Ark., for Larry McCord, trustee.

Bradley Jesson, Fort Smith, Ark., for creditors committee.

Jack Yates, Ozark, Ark., for debenture holders.

MEMORANDUM OPINION

PAUL X. WILLIAMS, District Judge.

On April 23, 1970, after due notice to all interested parties and to their attorneys, this cause came on for hearing as to the Trustee's petition to make payments to the debenture holders of Peoples Loan & Investment Company.

The issue before the Court for determination is whether the stockholders of Peoples Loan & Investment Company who traded their stock to the company for debentures...

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