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IN RE ACEQUIA, INC.

No. 84-4364.

787 F.2d 1352 (1986)

In re ACEQUIA, INC., Debtor. ACEQUIA, INC., Plaintiff-Appellee, v. Vernon B. CLINTON, Defendant-Appellant.

United States Court of Appeals, Ninth Circuit.

Decided April 22, 1986.

Attorney(s) appearing for the Case

Alan R. Lepene, Steven D. Cundra, Thompson, Hine & Flory, Cleveland, Ohio, for plaintiff-appellee.

Brenda Flanders, Roe & Fowler, Salt Lake City, Utah, for defendant-appellant.

Before WALLACE and THOMPSON, Circuit Judges, STEPHENS, District Judge.

THOMPSON, Circuit Judge:

Vernon B. Clinton ("Clinton"), a 50% equity security holder of Acequia, Inc. ("the Debtor"), appeals from the district court's order affirming the bankruptcy court's confirmation of the Debtor's proposed Second Amended Plan of Reorganization (the "Plan"). We affirm.

FACTS

The Debtor, a family-owned corporation, was incorporated in 1974 under Idaho law. All of its outstanding shares of capital stock were registered in Clinton...

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