Legal Opinion
In re GAC Corp.
District Court, S.D. Florida
Decided August 26, 1986No. 85-2684 CivPublished
1Opinion of the Court
MEMORANDUM DECISION
SCOTT, District Judge.
Introduction
Appellants, Theodore Bollt and Richard H. Millen, are trustees to a thirty-seven million dollar liquidating trust.1 They are two of three trustees who were appointed pursuant to the Bankruptcy Court’s order for the liquidation of various properties of the debtor — GAC Corporation.
The liquidating trust was organized under the laws of Florida and confirmed by the Bankruptcy Court on September 12, 1980. The trust assets consist primarily of unimproved real property, notes and mortgages. The real property is located in several jurisdictions.
The…
2Cases cited11 opinions
- Meinhard v. SalmonNew York Court of Appeals · 1928
- In the Matter of Multiponics, Incorporated, Bankrupt. MacHinery Rental, Inc. And Carl Biehl v. William W. Herpel, TrusteeCourt of Appeals for the Fifth Circuit · 1980
- North American Car Corp. v. Peerless Weighing & Vending MacHine Corp.Court of Appeals for the Second Circuit · 1944
- Fulton National Bank v. Mrs. Lucille M. Tate, Individually, and as Administratrix of the Estate of Steve C. Tate, DeceasedCourt of Appeals for the Fifth Circuit · 1966
- Knauer v. BarnettSupreme Court of Florida · 1978
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