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IN RE KZK LIVESTOCK, INC.

Bankruptcy No. 91-82986, Adversary No. 95-8015.

221 B.R. 464 (1998)

In re KZK LIVESTOCK, INC., an Illinois Corporation, Debtor. Richard E. BARBER, not individually, but as trustee for the estate of KZK Livestock, Inc., Plaintiff, v. COLCHESTER STATE BANK, Defendant.

United States Bankruptcy Court, C.D. Illinois.

May 21, 1998.

Attorney(s) appearing for the Case

Alan J. Fulkerson, Riordan & Larson, Chicago, IL, for plaintiff.

John Bisbee, Macomb, IL, for defendant.

OPINION

WILLIAM V. ALTENBERGER, Chief Judge.

Kendall Knowles (KNOWLES) maintained a checking account at the Colchester State Bank (COLCHESTER). KNOWLES was also the sole shareholder, director and officer of KZK Livestock, Inc., an Illinois Corporation (KZK). KZK maintained a checking account at the First National Bank of Blandinsville (FIRST). KNOWLES, individually and as the controlling officer of KZK, operated a check kite between COLCHESTER and...

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