2018 US Code
Title 11 - Bankruptcy
Chapter 11 - Reorganization
Subchapter III - Postconfirmation Matters
Sec. 1143 - Distribution

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Citation 11 U.S.C. § 1143 (2018)
Section Name §1143. Distribution
Section Text

If a plan requires presentment or surrender of a security or the performance of any other act as a condition to participation in distribution under the plan, such action shall be taken not later than five years after the date of the entry of the order of confirmation. Any entity that has not within such time presented or surrendered such entity's security or taken any such other action that the plan requires may not participate in distribution under the plan.

Source Credit

(Pub. L. 95–598, Nov. 6, 1978, 92 Stat. 2639.)

Editorial Notes HISTORICAL AND REVISION NOTES SENATE REPORT NO. 95–989

Section 1143 fixes a 5-year limitation on presentment or surrender of securities or the performance of any other act that is a condition to participation in distribution under the plan. The 5 years runs from the date of the entry of the order of confirmation. Any entity that does not take the appropriate action with the 5-year period is barred from participation in the distribution under the plan.

Publication Title United States Code, 2018 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 11 - REORGANIZATION
SUBCHAPTER III - POSTCONFIRMATION MATTERS
Sec. 1143 - Distribution
Contains section 1143
Date 2018
Laws In Effect As Of Date January 14, 2019
Positive Law Yes
Disposition standard
Statutes at Large References 92 Stat. 2639
Public Law References Public Law 95-598
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