MATTER OF SANDY RIDGE DEVELOPMENT CORP.

No. 88-3072.

889 F.2d 663 (1989)

In the Matter of SANDY RIDGE DEVELOPMENT CORPORATION, Debtor. SANDY RIDGE DEVELOPMENT CORPORATION, Appellant, v. LOUISIANA NATIONAL BANK, Appellee.

United States Court of Appeals, Fifth Circuit.

December 8, 1989.


Attorney(s) appearing for the Case

John C. Anderson and Jack Patrick Harris, Baton Rouge, La., for appellant.

Mary E. Arceneaux, Baton Rouge, La., for amicus, Louisiana Bankers in support of appellee.

Fredrick R. Tulley, Joseph R. Martin and John R. Tharp, Baton Rouge, La., for Louisiana Nat. Bank.

James R. Austin and Stacy E. Grove, Baton Rouge, La., for Livingston Bank.

Michael Harig, Baton Rouge, La., for Evans Graves Engineers, Inc.

Ralph Hood, Baton Rouge, La., for Contractors, Inc.

Before WISDOM, GARWOOD, and JOLLY, Circuit Judges.


ON PETITION FOR REHEARING AND SUGGESTION FOR REHEARING EN BANC

(Opinion September 5, 1989, 5 Cir., 1989, 881 F.2d 1346)

PER CURIAM:

In denying the petition for rehearing, we observe that we have held that distribution of estate property, at values properly fixed by the bankruptcy court, to nonconsenting creditors under a liquidating reorganization is not per se categorically prohibited as a matter of law...

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