IN RE AMDURA CORP.

No. 94-1292.

75 F.3d 1447 (1996)

In re AMDURA CORPORATION; Amdura National Distribution Company, formerly known as FOK; Coastamerica Corporation; Coast to Coast Holdings, Inc.; Coast to Coast Stores, Inc.; Intertrade Cargo, Inc., Debtors, AMDURA NATIONAL DISTRIBUTION COMPANY, formerly known as FOK, Plaintiff-Appellant, v. AMDURA CORPORATION, INC., Defendant-Appellee.

United States Court of Appeals, Tenth Circuit.

February 5, 1996.


Attorney(s) appearing for the Case

Steven E. Abelman, Berryhill, Cage and North, Denver, Colorado (Albert Solochek, Howard, Solochek & Weber, Milwaukee, Wisconsin with him on the briefs), for appellant.

David M. Bennett, Thompson & Knight, Dallas, Texas (James R. Prince, Thompson & Knight, Dallas, Texas and Merrie Margolin Kippur, McKenna & Cuneo, Denver, Colorado with him on the brief), for appellee.

Before LOGAN and HENRY, Circuit Judges, and ELLISON, District Judge.


HENRY, Circuit Judge.

The sole issue in this bankruptcy appeal is the ownership of funds deposited by a subsidiary into a parent corporation's cash management bank account. We affirm summary judgment for the parent.

Background

Amdura National Distribution Company (Andco) was a hardware distributor, one of three wholly owned subsidiaries of Amdura Corporation (Amdura), which was a holding company with few assets of its own. Amdura's other subsidiaries...

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