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MATTER OF CHICAGO, ROCK ISLAND AND PACIFIC R. CO.

No. 84-2572.

772 F.2d 299 (1985)

In the Matter of CHICAGO, ROCK ISLAND AND PACIFIC RAILROAD COMPANY, Debtor. Appeal of SANBORN COOPERATIVE GRAIN CO., Sanborn, Iowa, Appellant.

United States Court of Appeals, Seventh Circuit.

Decided August 28, 1985.

Rehearing Denied October 3, 1985.

Attorney(s) appearing for the Case

Harold W. White, Fitzgibbons Bros., Estherville, Iowa, for appellant.

Jane E. Phillips, Iowa Transp. Regulation Authority, Des Moines, Iowa, for intervenor.

Alene V. Haskell, Husch, Eppenberger, Donohue, Elson & Cornfeld, St. Louis, Mo., for defendant.

Before WOOD and EASTERBROOK, Circuit Judges, and DUMBAULD, Senior District Judge.

DUMBAULD, Senior District Judge.

The defunct Rock Island railroad still supplies grist for the judicial mill. In the case at bar the question presented is whether the application of Iowa rent control laws to property purchased by a landlord from the bankruptcy trustee liquidating the railroad is precluded by reason of conflict with any federal policy designed to maximize the selling price of a bankrupt's assets. Finding no...

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