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IN RE GEORGE B. KERR, INC.

Bankruptcy No. 81-00031, Adv. No. 81-0048.

25 B.R. 2 (1981)

In re GEORGE B. KERR, INC., Debtor. J.P. HODGES, as Chairman of Creditors' Committee, Plaintiff, v. Robert F. ANDERSON, Trustee for George B. Kerr, Inc. and First National Bank of South Carolina, Defendants.

United States Bankruptcy Court, D. South Carolina.

December 14, 1981.

Attorney(s) appearing for the Case

Charles Porter and Brenton D. Jeffcoat, McNair, Glenn, Konduros, Corley, Singletary, Porter & Dibble, P.A., Columbia, S.C., for plaintiff.

Robert F. Anderson, Anderson & Robinson, P.A., Columbia, S.C., for defendant trustee.

Hamilton Osborne, Jr., Boyd, Knowlton, Tate & Finlay, Columbia, S.C., for defendant bank.

ORDER FOR SUMMARY JUDGMENT

J. BRATTON DAVIS, Bankruptcy Judge.

This matter is before the court upon the motion of First National Bank of South Carolina ("First National") for summary judgment. For the reasons hereinafter set forth, the court concludes that the motion should be granted.

George B. Kerr, Inc., (the debtor) a grain dealer, was discovered to be insolvent following the death of its president and principal shareholder, George B. Kerr, on...

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