In the Matter of Multiponics, Incorporated, Debtor. Harry Isbell v. Troyce Guice and John L. C. Laslie, Co-Trustees

This is an appeal from an order of the District Court for the Eastern District of Louisiana, requiring appellant to turn over certain properties to the trustees of a corporation involved in a Chapter X reorganization under the Bankruptcy Act, 11 U.S.C.A. § 501 et seq.

The district court found that Multi-ponies, Incorporated, the debtor corporation, is a farming corporation which carried out its principal business, not only on lands which it owned in fee, but also as the lessee of property. The court further found that on or about November 23, 1970, the debtor corporation allegedly leased all…