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IN RE JENSEN

Bankruptcy No. 284-00512-A-7, Adv. No. 289-0147.

114 B.R. 700 (1990)

In re Robert Burns JENSEN and Rosemary Tooker Jensen. Robert Burns JENSEN and Rosemary Tooker Jensen, Plaintiffs, v. BANK OF AMERICA N.T. & S.A., California Department of Health Services, et al., Defendants.

United States Bankruptcy Court, E.D. California.

May 18, 1990.

Attorney(s) appearing for the Case

Terrance Stinnett, San Francisco, Cal., for plaintiffs.

Timothy R. Patterson, Deputy Atty. Gen., San Diego, Cal., for defendants.

MEMORANDUM OPINION AND DECISION

LOREN S. DAHL, Chief Judge.

FACTS

During 1983, Robert Burns Jensen and Rosemary Tooker Jensen were president and vice-president, respectively, of Jensen Lumber Company (hereinafter "JLC"). The Jensens also served as directors of this closely-held corporation with each spouse owning fifty (50) percent of the shares of the corporate stock. JLC occupied, as lessee, real property...

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