In Re Hoffert Marine, Inc.

ORDER GRANTING HICKORY CAPITAL CO., INC., RELIEF FROM AUTOMATIC STAY

GEORGE L. PROCTOR, Bankruptcy Judge.

There is before the Court motions for relief from automatic stay of 11 U.S.C. § 362 filed by Hickory Capital Co., Inc. (hereafter Hickory), in the three cases captioned above. Hickory seeks relief to enforce its rights under a stock pledge agreement, i.e., to vote the stock and elect representatives to the Board of Directors. The ultimate goal is to gain control of the corporations from present management.

The stock pledge agreement was executed on April 10, 1985, between Paul E. Hoffert and…