1. All of the plaintiffs' claims are dismissed.

2. The costs of lawsuit are assessed against the plaintiffs.

1. Basic facts

A. 1) I Stock Company (hereinafter “I”) by the time of registration of sports facility business by the I Stock Company

(2) On August 9, 2004, the Governor of Jeollabuk-do obtained approval from the Governor of Jeollabuk-do on the development of a golf course to Ji-ri, and on October 23, 2006, he obtained approval to change the above business plan to 18 holes and 18 holes for the public. 2) around that time, I purchased 570 lots of land, such as the land, etc. from Ysan-si and completed the registration of ownership transfer under the name of I, and completed the registration of ownership transfer by October 2007, after completing the construction of a golf course with 36 holes in total by completing the construction of a golf course (hereinafter “instant golf course”), including 8 Dongs, on the above land, etc. by October 2007, and completed the construction of a golf course with 36 holes in total (hereinafter “instant golf course”). From that time, I operated the instant golf course by model operation method.

3) Meanwhile, in order to secure the money borrowed from a savings bank, etc. for the creation of the instant golf course, I is a stock company N (O prior to the alteration that had been used at the time) with respect to the above 570 parcel of land on August 1, 2005.

“N” regardless of whether it is before or after the change;

B) The real estate security trust agreement between the bank and the first beneficiary of the savings bank and the first beneficiary of the trust and the first beneficiary of the trust and the first beneficiary of the trust (hereinafter “instant trust agreement”).

(B) On August 2, 2005, the registration of the ownership transfer based on N was completed on August 2, 2005. Thereafter, on July 23, 2008, eight buildings of the instant golf course (hereinafter referred to as the “instant real estate”) consisting of 570 lots of land, such as the instant K, and eight buildings, including the above K, which became trust property.

(2) A P Co., Ltd. (hereinafter referred to as “P Bank”) was added to the trust property and subject to amendment to the trust agreement.

4) On November 14, 2012, I was designated as the first priority beneficiary. 1) On November 14, 2012, I was designated as a public golf course (hereinafter “instant public golf course”) with 18 holes of LOS 18,00 among the instant golf courses, and MaOS 18,000 as a membership golf course (hereinafter “instant public golf course”).