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IN RE STILL

Bankruptcy No. 188-10285-7, Adv. No. 189-1036.

113 B.R. 311 (1990)

In re William Harvey STILL, Debtor. Stanley WRIGHT, Trustee, Plaintiff, v. FEDERAL DEPOSIT INSURANCE CORPORATION, Successor in Interest to the First State Bank of Abilene, Defendant.

United States Bankruptcy Court, N.D. Texas, Abilene Division.

April 23, 1990.

Attorney(s) appearing for the Case

Thomas M. Wheeler, Abilene, Tex., for trustee.

Charles A. Beckham, Jr., Kemp, Smith, Duncan & Hammond, El Paso, Tex., for FDIC.

MEMORANDUM OF OPINION ON PREFERENCE

JOHN C. AKARD, Bankruptcy Judge.

By urging that it is protected under § 550(b)(1) of the Bankruptcy Code,1 the Federal Deposit Insurance Corporation (FDIC) as the Receiver of First State Bank of Abilene, Abilene, Texas (FSB) seeks to prevent the Trustee's recovery of a preferential transfer. The court finds that the FDIC does not qualify as a transferee under that section and, therefore...

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