2021 US Code
Title 48 - Territories and Insular Possessions
Chapter 20 - Puerto Rico Oversight, Management, and Economic Stability
Subchapter IV - Miscellaneous Provisions
Sec. 2195 - Protection from inter-debtor transfers
| 48 U.S.C. § 2195 (2021) |
| §2195. Protection from inter-debtor transfers |
|
(a) Protection of creditors
While an Oversight Board for Puerto Rico is in existence, if any property of any territorial instrumentality of Puerto Rico is transferred in violation of applicable law under which any creditor has a valid pledge of, security interest in, or lien on such property, or which deprives any such territorial instrumentality of property in violation of applicable law assuring the transfer of such property to such territorial instrumentality for the benefit of its creditors, then the transferee shall be liable for the value of such property. (b) EnforceabilityA creditor may enforce rights under this section by bringing an action in the United States District Court for the District of Puerto Rico after the expiration or lifting of the stay of section 2194 of this title, unless a stay under subchapter III is in effect. |
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(Pub. L. 114–187, title IV, §407, June 30, 2016, 130 Stat. 592.) |
| United States Code, 2018 Edition, Supplement 3, Title 48 - TERRITORIES AND INSULAR POSSESSIONS |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 48 - TERRITORIES AND INSULAR POSSESSIONS CHAPTER 20 - PUERTO RICO OVERSIGHT, MANAGEMENT, AND ECONOMIC STABILITY SUBCHAPTER IV - MISCELLANEOUS PROVISIONS Sec. 2195 - Protection from inter-debtor transfers |
| section 2195 |
| 2021 |
| January 3, 2022 |
| No |
| standard |
| 130 Stat. 592 |
| Public Law 114-187 |
