Southern Inyo Healthcare District v. Optum Bank, Inc.

FOR PUBLICATION 2 UNITED STATES BANKRUPTCY COURT EASTERN DISTRICT OF CALIFORNIA 5 In re: Case No. 16-10015-A-

SOUTHERN INYO HEALTHCARE DISTRICT,

8 Debtor.

SOUTHERN INYO HEALTHCARE DISTRICT, Adv. No. 17-01077-A

Plaintiff, FL-6, FWP-

v.

MEMORANDUM

OPTUM BANK, INC.,

Defendant.

17 Argued and submitted on May 22, 2019 18 at Fresno, California 19 Honorable Fredrick E. Clement, Bankruptcy Judge Presiding

21 Appearances: Jeffrey I. Golden, Weiland Golden Goodrich LLP for Southern Inyo Healthcare District; 22 Ashley M. McDow, Foley & Lardner LLP for Southern Inyo Healthcare District; Latonia 23 C. Williams, Shipman & Goodwin LLP for Optum Bank, Inc.; Gerald N. Sims, Pyle 24 Sims Duncan & Stevenson, P.C. for Optum Bank, Inc. 25

27 Hospital districts may issue promissory notes for “equipment or items which have a useful life equal to, or longer than, the term of the notes, as determined by the board of directors.” Cal. Health & Safety Code § 32130.2. Longer loans…