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IN RE PEOPLES BANKSHARES, LTD.

Bankruptcy No. 86-02217W, Adv. No. 86-0414W.

68 B.R. 536 (1986)

In re PEOPLES BANKSHARES, LTD., Debtor. PEOPLES BANKSHARES, LTD., Plaintiff, v. DEPARTMENT OF BANKING, Defendant.

United States Bankruptcy Court, N.D. Iowa.

November 14, 1986.

Attorney(s) appearing for the Case

Larry G. Gutz and Eric W. Lam, Cedar Rapids, Iowa, for plaintiff.

Donald G. Senneff and Kevin Kirlin, Atty. General's Office, Des Moines, Iowa, for defendant.

RULING ON MOTION TO DISMISS

MICHAEL J. MELLOY, Bankruptcy Judge.

Peoples Bankshares, Ltd., filed a Chapter 11 bankruptcy petition (No. 86-02217W) in this Court on September 30, 1986. The Debtor filed a complaint for declaratory judgment (Adv. No. 86-0414W) on October 6, 1986. The matter before the Court is the defendant Iowa Department of Banking's motion to dismiss the declaratory judgment proceeding.

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