IN RE KEHN RANCH, INC.

Bankruptcy No. 382-00038.

41 B.R. 832 (1984)

In re KEHN RANCH, INC., Debtor.

United States Bankruptcy Court, D. South Dakota.

August 31, 1984.


Attorney(s) appearing for the Case

Michael B. LeBaron, Arnold & McDowell, Minneapolis, Minn., Brent A. Wilbur, May, Adam, Gerdes & Thompson, Pierre, S.D., for Connecticut Mut. Life Ins. Co.

Melvin I. Orenstein and Laurance R. Waldoch, Lindquist & Vennum, Minneapolis, Minn., Stuart L. Tiede, Woods, Fuller, Shultz & Smith, P.C., Sioux Falls, S.D., for First Nat. Bank of Minneapolis.

Douglas R. Kettering, Hosmer & Kettering, Yankton, S.D., for Unsecured Creditors Committee.

Rolfe A. Worden, Popham, Haik, Schnobrich, Kaufman & Doty, Ltd., Minneapolis, Minn., Stanley E. Whiting, Day, Grossenburg & Whiting, Winner, S.D., for Kehn Ranch, Inc.


MEMORANDUM DECISION

PEDER K. ECKER, Bankruptcy Judge.

The Court held a hearing on Creditor Connecticut Mutual Life Insurance Company's (Connecticut Mutual's) disclosure statement on March 12, 1984. Both the First National Bank of Minneapolis (First Bank) and the Unsecured Creditors Committee (Creditors Committee), through their counsel, filed objections arguing that the disclosure statement contemplated a plan which violated 11 U.S.C. § 1129(a)(1) by...

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