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YELL FORESTRY PRODUCTS, INC. v. FIRST STATE BANK OF PLAINVIEW

No. 87-2339.

853 F.2d 582 (1988)

YELL FORESTRY PRODUCTS, INC., Appellant, v. The FIRST STATE BANK OF PLAINVIEW, Appellee.

United States Court of Appeals, Eighth Circuit.

Decided July 26, 1988.

Attorney(s) appearing for the Case

Robert S. Irving and Jim Guy Tucker, Little Rock, Ark., for appellant.

Gary B. Rogers, Little Rock, Ark., for appellee.

Before WOLLMAN and BEAM, Circuit Judges, and SNEED, Senior Circuit Judge.

BEAM, Circuit Judge.

Yell Forestry Products, Inc. appeals the granting of a motion for summary judgment filed by The First State Bank of Plainview. We affirm.

I. Background

As part of the plan of reorganization of the bankrupt Plainview Lumber Company (Plainview) under Chapter 11 of the Bankruptcy Code, Yell Forestry Products, Inc. (Yell) agreed to purchase 100% of Plainview's stock. The plan was proposed by The First State Bank of Plainview (the...

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