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IN RE REINSTEIN

Bankruptcy No. 92-32606-BKC-RAM.

165 B.R. 303 (1994)

In re Reuben Talbot REINSTEIN, Debtor.

United States Bankruptcy Court, S.D. Florida.

March 18, 1994.

Attorney(s) appearing for the Case

Robert N. Gilbert, James B. Baldinger, Carlton, Fields, Ward, Emmanuel, Smith & Cutler, P.A., Tampa, FL, for Chicago Bd. of Options.

Reggie David Sanger, Fort Lauderdale, FL, for trustee.

Kenneth R. Hartman, Kozyak, Tropin, Throckmorton & Humphreys, P.A., Miami, FL, for Petco Options, Inc.

David A. Carter, Boca Raton, FL, for debtor.

MEMORANDUM OPINION

ROBERT A. MARK, Bankruptcy Judge.

The Debtor, Reuben Talbot Reinstein, ("Debtor") was engaged prepetition in the business of options trading on the Chicago Board Options Exchange ("CBOE"). The primary non-exempt asset of the Debtor's estate is his seat on the CBOE (the "Seat"). The issue before the Court is whether the proceeds of the sale of the Seat are subject to disposition in accordance with the rules of the CBOE.

The...

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