Bayshore Executive Plaza Partnership, a Florida General Partnership v. Federal Deposit Insurance Corp., a U.S. Corp.

Appellant, Bayshore Executive Plaza Partnership (“Bayshore”), appeals the district court’s ruling that 12 U.S.C.A. § 1821(e) gives authority to the lessee’s liquidator, the Federal Deposit Insurance Corporation (“FDIC”), to repudiate two lease agreements between Bayshore and the lessee, an insolvent financial institution. We find that the district court properly applied the law, and accordingly, we affirm.

I. BACKGROUND

On or about August 31, 1986, Bayshore entered into two lease agreements with Bayshore Bank (“Bank”). These agreements were to run for a period of approximately seven years.

On…