In Re Kincaid

917 F.2d 1162 59 USLW 2287 , 23 Collier Bankr.Cas.2d 1537 , 20 Bankr.Ct.Dec. 1932 , Bankr. L. Rep. P 73,669 , 12 Employee Benefits Ca 2711 In re Michael KINCAID; Sharon Kincaid, Debtors. JOHN HANCOCK MUTUAL LIFE INSURANCE COMPANY, a corporation; John Hancock Mutual Life Insurance Company, Administrator, Appellants, v. Ronald A. WATSON, Trustee, Appellee. No. 89-35342. United States Court of Appeals, Ninth Circuit. Argued and Submitted July 11, 1990. Decided Oct. 25, 1990. Herbert H. Anderson, Spears, Lubersky, Bledsoe, Anderson, Young & Hilliard, Portland, Or., for appellants. Ronald A. Watson, Portland, Or., for appellee. Appeal from the Ninth Circuit Bankruptcy Appellate Panel. Before GOODWIN, Chief Judge, FLETCHER and FERNANDEZ, Circuit Judges. FERNANDEZ, Circuit Judge: 1 John Hancock Mutual Life Insurance Company ("administrator") appeals the Bankruptcy Appellate Panel's ("BAP") judgment confirming the decision of the bankruptcy court. The bankruptcy court ordered the administrator to turn over to Ronald Watson ("trustee") funds held on behalf of the debtor, Sharon Kincaid ("Kincaid"), in an ERISA deferred salary plan. We reverse. BACKGROUND FACTS 2 Sharon Kincaid was…