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IN RE DeMERS

No. 87-5487.

853 F.2d 605 (1988)

In re Dennis David DeMERS and Shirley Ann DeMers, Debtors. Dennis David DeMERS and Shirley Ann DeMers, Appellants, v. FEDERAL LAND BANK OF OMAHA, Appellee.

United States Court of Appeals, Eighth Circuit.

Decided August 5, 1988.

Attorney(s) appearing for the Case

Max A. Gors, Pierre, S.D., for appellants.

Brent A. Wilbur, Pierre, S.D., for appellee.

Before McMILLIAN, JOHN R. GIBSON and MAGILL, Circuit Judges.

PER CURIAM.

Dennis and Shirley DeMers (debtors) appeal from the district court's1 order concluding that the confirmation of a Chapter 11 plan providing for the redemption of real property by making payments over time does not constitute redemption within the meaning of S.D.Codified Laws Ann. § 21-52-14. We affirm.

The debtors farmed 2,000 acres in Tripp County, South Dakota. Federal Land Bank of Omaha (FLB) obtained a perfected...

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