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IN RE GRANADA, INC.

Bankruptcy No. 87C-00693, Adv. No. 89PC-0418.

110 B.R. 548 (1990)

In re GRANADA, INC., Debtor. Peter W. BILLINGS, Jr., Trustee for Granada, Inc., Plaintiff, v. ZIONS FIRST NATIONAL BANK, N.A., a national banking association, Lockhart Company, a Utah corporation, and Foothill Financial, a Utah corporation, f/k/a Foothill Thrift & Loan, Defendants.

United States Bankruptcy Court, D. Utah.

January 26, 1990.

Attorney(s) appearing for the Case

Robert P. Rees, Fabian & Clendenin, Salt Lake City, Utah, for trustee.

J. Randall Call, Prince, Yeates & Geldzahler, Salt Lake City, Utah, for defendants.

MEMORANDUM OPINION AND ORDER

GLEN E. CLARK, Chief Judge.

The matter presently before the court is a motion filed by the defendants, Zions First National Bank, N.A. ("Zions") and the Lockhart Company ("Lockhart") (hereinafter referred to collectively as "defendants"),1 to dismiss the above-captioned adversary proceeding commenced by the Chapter 11 trustee, Peter W. Billings, Jr. ("trustee"). A hearing was held on October 12, 1989...

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