There is a newer version of the US Code
2015 US Code
Title 11 - Bankruptcy (Sections 101 - 1532)
Chapter 15 - Ancillary and Other Cross-Border Cases (Sections 1501 - 1532)
Subchapter V - Concurrent Proceedings (Sections 1528 - 1532)
Sec. 1531 - Presumption of insolvency based on recognition of a foreign main proceeding
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Metadata
| Publication Title | United States Code, 2012 Edition, Supplement 3, Title 11 - BANKRUPTCY |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 11 - BANKRUPTCY CHAPTER 15 - ANCILLARY AND OTHER CROSS-BORDER CASES SUBCHAPTER V - CONCURRENT PROCEEDINGS Sec. 1531 - Presumption of insolvency based on recognition of a foreign main proceeding |
| Contains | section 1531 |
| Date | 2015 |
| Laws In Effect As Of Date | January 3, 2016 |
| Positive Law | Yes |
| Disposition | standard |
| Source Credit | Added Pub. L. 109-8, title VIII, §801(a), Apr. 20, 2005, 119 Stat. 144. |
| Statutes at Large Reference | 119 Stat. 144 |
| Public and Private Law | Public Law 109-8 |
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11 U.S.C. § 1531 (2015)
§1531. Presumption of insolvency based on recognition of a foreign main proceeding
In the absence of evidence to the contrary, recognition of a foreign main proceeding is, for the purpose of commencing a proceeding under section 303, proof that the debtor is generally not paying its debts as such debts become due.
(Added Pub. L. 109–8, title VIII, §801(a), Apr. 20, 2005, 119 Stat. 144.)
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