2012 US Code
Title 11 - Bankruptcy
Chapter 15 - ANCILLARY AND OTHER CROSS-BORDER CASES (§§ 1501 - 1532)
Subchapter III - RECOGNITION OF A FOREIGN PROCEEDING AND RELIEF (§§ 1515 - 1524)
Section 1523 - Actions to avoid acts detrimental to creditors
| Publication Title | United States Code, 2012 Edition, 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 III - RECOGNITION OF A FOREIGN PROCEEDING AND RELIEF Sec. 1523 - Actions to avoid acts detrimental to creditors |
| Contains | section 1523 |
| Date | 2012 |
| Laws in Effect as of Date | January 15, 2013 |
| Positive Law | Yes |
| Disposition | standard |
| Source Credit | Added Pub. L. 109-8, title VIII, §801(a), Apr. 20, 2005, 119 Stat. 142. |
| Statutes at Large Reference | 119 Stat. 142 |
| Public Law Reference | Public Law 109-8 |
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(a) Upon recognition of a foreign proceeding, the foreign representative has standing in a case concerning the debtor pending under another chapter of this title to initiate actions under sections 522, 544, 545, 547, 548, 550, 553, and 724(a).
(b) When a foreign proceeding is a foreign nonmain proceeding, the court must be satisfied that an action under subsection (a) relates to assets that, under United States law, should be administered in the foreign nonmain proceeding.
(Added Pub. L. 109–8, title VIII, §801(a), Apr. 20, 2005, 119 Stat. 142.)
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