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2016 US Code
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
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| 11 U.S.C. § 1531 (2016) |
| §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. |
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(Added Pub. L. 109–8, title VIII, §801(a), Apr. 20, 2005, 119 Stat. 144.) |
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EFFECTIVE DATE
Section effective 180 days after Apr. 20, 2005, and not applicable with respect to cases commenced under this title before such effective date, except as otherwise provided, see section 1501 of Pub. L. 109–8, set out as an Effective Date of 2005 Amendment note under section 101 of this title. |
| United States Code, 2012 Edition, Supplement 4, Title 11 - BANKRUPTCY |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| 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 |
| section 1531 |
| 2016 |
| January 6, 2017 |
| Yes |
| standard |
| 119 Stat. 144 |
| Public Law 109-8 |
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