Court of Appeals for the Ninth Circuit April 22, 1986, 84-4364 (In Re Acequia, Inc., Debtor. Acequia, Inc. v. Vernon B. Clinton)

THOMPSON, Circuit Judge:

Vernon B. Clinton (“Clinton”), a 50% equity security holder of Acequia, Inc. (“the Debtor”), appeals from the district court’s order affirming the bankruptcy court’s confirmation of the Debtor’s proposed Second Amended Plan of Reorganization (the “Plan”). We affirm.

FACTS

The Debtor, a family-owned corporation, was incorporated in 1974 under Idaho law.