Matter of Hawaii Corp.

DECISION

PENCE, District Judge.

This latest hearing in the court’s ten-year involvement in the Chapter X liquidation proceedings of The Hawaii Corporation (“THC”), concerns a certain Proof of Stock Interest submitted by the Bank of Honolulu. Pursuant to Chapter X Rule 10-401(f) of the Bankruptcy Act, the THC Trustee objects to the Bank’s stock interest claim on the authority of inter alia, Hawaii Rev. Stat. section 490:8-207(1). Few courts have considered § 8-207(1) of Article 8 of the Uniform Commercial Code at length, and none of those cases dealt with the specific factual and procedural…