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IN RE POWERS AERO MARINE SERVICES, INC.

Bankruptcy No. 83-05548-H2-5, Adv. No. 84-0132-H1.

42 B.R. 540 (1984)

In re POWERS AERO MARINE SERVICES, INC., Debtor. POWERS AERO MARINE SERVICES, INC., Plaintiff, v. MERRILL STEVENS DRY DOCK COMPANY, Defendant, First National Bank of Oklahoma City, Intervenor. FIRST NATIONAL BANK OF OKLAHOMA CITY, Movant, v. POWERS AERO MARINE SERVICES, INC., Respondent.

United States Bankruptcy Court, S.D. Texas, Houston Division.

September 5, 1984.

Attorney(s) appearing for the Case

Kaaran E. Thomas, Vinson & Elkins, Houston, Tex., for Merrill Stevens Dry Dock Co.

Henry J. Kaim, Sheinfeld, Maley & Kay, Houston, Tex., for First Nat. Bank of Oklahoma City.

Jack D. Nolan, Houston, Tex., Richard N. Tilton, Whitman & Ransom, New York City, for Powers Aero Marine.

MEMORANDUM OPINION

MANUEL D. LEAL, Bankruptcy Judge.

Two actions are before this court, both dealing with the disposition of the debtor's yacht, the Jan Pamela II. The debtor, Powers Aero Marine, filed a complaint to compel turnover of the yacht, pursuant to 11 U.S.C. Section 543, currently being held in drydock, on January 16, 1984. Subsequently, a secured lender, the First National Bank of Oklahoma City (Bank) filed a motion for relief from the automatic...

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