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IN RE D & L NICOLAYSEN

Bankruptcy No. 91-92771-A-11, Adversary No. 97-9333.

228 B.R. 252 (1998)

In re D & L NICOLAYSEN, Debtor. Wells Fargo Bank, N.A., a national banking association, Plaintiff, v. D & L Nicolaysen, Defendant.

United States Bankruptcy Court, E.D. California, Modesto Division.

July 21, 1998.

Attorney(s) appearing for the Case

Desmond Cussen, Gibson, Dunn & Crutcher, San Francisco, CA, for Plaintiff.

Michael L. Abbott, Modesto, CA, for Debtor.

MEMORANDUM DECISION

MICHAEL S. McMANUS, Bankruptcy Judge.

Plaintiff Wells Fargo Bank has filed two adversary proceedings in two related chapter 11 cases seeking a determination that it is entitled to payment of Retain Certificates issued by a agricultural cooperative association to the defendants with a face value of $568,000.00. The court, after considering the terms of the confirmed chapter 11 plans, the testimony, and other exhibits, concludes that the...

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