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In re Sabana Del Palmar Inc.

In re Sabana Del Palmar Inc.

Ruling
Turnover excused where FDIC's continued receivership was in best interests of creditors.
Procedural posture

The chapter 11 debtor filed a motion for turnover of property under 11 U.S.C.S. § 543. The Federal Deposit Insurance Corporation (FDIC) filed a motion to excuse turnover. The court held a hearing on the motions.

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Commercial opinion summary, case decided on May 29, 2013 , LexisNexis #0713-021