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IN RE McCULLOCH & SON, INC.

Bankruptcy No. 381-03301, Adv. No. 82-0584.

30 B.R. 7 (1983)

In re McCULLOCH & SON, INC., Debtor, James C. McCULLOCH, Plaintiff, v. Everette H. WILLIAMS, Trustee, Defendant, Colin W. ACKERSON, Plaintiff-Intervenor, v. Everette H. WILLIAMS, Trustee, Defendant.

United States Bankruptcy Court, D. Oregon.

May 6, 1983.

Attorney(s) appearing for the Case

Alexander T. Bishop, Portland, Or., for plaintiff.

Thomas J. Greif, Portland, Or., for plaintiff-intervenor and trustee.

FINDINGS OF FACT AND CONCLUSIONS OF LAW DENYING TURNOVER OF LIFE INSURANCE POLICY TO PLAINTIFF

DONAL D. SULLIVAN, Bankruptcy Judge.

The debtor is a closely-held corporation. Plaintiff is a former director and shareholder of the corporation. Plaintiff filed a complaint to require the turnover of a key man life insurance policy on his life. The policy is a $100,000.00 annual renewable term policy which was among the policies purchased by the debtor on its shareholders...

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