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OSTEROOS v. NORWEST BANK MINOT, N.A.

Civ. No. A4-84-201.

604 F.Supp. 848 (1984)

Odd A. OSTEROOS and Dorothy E. Osteroos, individually and d/b/a Hesnault Ranch and Hesnault Irrigation; and Odd L. Osteroos and Garvin Osteroos, individually and d/b/a Hesnault Irrigation, Debtors and Appellees, v. NORWEST BANK MINOT, N.A., f/k/a First National Bank in Minot, Appellant.

United States District Court, D. North Dakota, Northwestern Division.

December 18, 1984.

Attorney(s) appearing for the Case

Michael G. Sturdevant, Minot, N.D., for debtors and appellees.

Max D. Rosenberg, Bismarck, N.D., for appellant.

MEMORANDUM AND ORDER

VAN SICKLE, District Judge.

Norwest Bank Minot (Norwest) appeals from an August 8, 1984 order of the Bankruptcy Court for the District of North Dakota. In that order, the Bankruptcy Court determined that the Debtors were entitled to proceeds of grain received under the federal Payment-In-Kind (PIK) program free of any claim of Norwest.

FACTS

The parties entered into a stipulation of the following relevant facts. In...

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