Corpus Christi National Bank, §7; no action recommended, 1/7/1993

No action recommended to require registration of shares of common stock of MCorp Financial, Inc., a debtor-in-possession under Chapter 11 of theBankruptcy Code (“MCorp”), to be sold by MCorp to a bank as an intermediary for the shareholders of the bank. Such sale had been approved by the bankruptcycourt. Although MCorp was not a trustee, presumably within the meaning of §5.A], as debtor-in-possession, MCorp had similar rights, powers and duties to a trustee in bankruptcy.

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