United States Bankruptcy Court, M.D. Louisiana December 1, 1983, 19-10089 (In Re Ceiling Fan Distributor, Inc.)

FINDINGS OF FACT

WESLEY W. STEEN, Bankruptcy Judge.

(1) The Ceiling Fan Distributor, Inc. (debtor) incorporated on May 7, 1981.

(2) Upon formation, and continuously since then, Lee Rowley owned 50% and Larry Bachuss owned 50% of corporate stock. They were the only directors of the company. .

(3) About November 1981, Bachuss and Rowley had a dispute.