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September 12, 1992 | From Times Staff and Wire Reports
First Executive Reorganization Takes Effect: The court-approved reorganization of Los Angeles-based First Executive Corp., the bankrupt life insurance holding company, has taken effect. Under the plan, a majority of the stock in the reorganized First Executive, renamed First Lincoln Holdings, will be distributed to creditors, including lending banks and holders of First Executive notes.
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BUSINESS
September 12, 1992 | From Times Staff and Wire Reports
First Executive Reorganization Takes Effect: The court-approved reorganization of Los Angeles-based First Executive Corp., the bankrupt life insurance holding company, has taken effect. Under the plan, a majority of the stock in the reorganized First Executive, renamed First Lincoln Holdings, will be distributed to creditors, including lending banks and holders of First Executive notes.
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