Receivership order stays Sheriff's sale of Columbia Pulp I, LLC

DAYTON–The Sheriff’s Sale on the real property of Columbia Pulp I, LLC, previously set for Friday, April 15, has been stayed as a result of the innovative wheat-straw-to-pulp enterprise being ordered into receivership in a King County court.

The action was initiated by UMB Bank, N.A., trustee for the holders of the bonds that financed Columbia Pulp I, LLC (CPI). Attorneys for UMB Bank filed docume...