11-U.S.C.-946

§946 – Effect of Exchange of Securities Before The Date of The Filing of The Petition

Pathway

Title 11 > Chapter 9 > Subchapter III > Section 946

Details

• Reference: Section 946
• Legend: §946 – Effect of Exchange of Securities Before The Date of The Filing of The Petition
• USCode Year: 2013

Provision Content

The exchange of a new security under the plan for a claim covered by the plan, whether such exchange occurred before or after the date of the filing of the petition, does not limit or impair the effectiveness of the plan or of any provision of this chapter. The amount and number specified in section 1126(c) of this title include the amount and number of claims formerly held by a creditor that has participated in any such exchange.

(Pub. L. 95–598, Nov. 6, 1978, 92 Stat. 2625.)

Historical and Revision Notes

legislative statements

The House amendment deletes section 950 of the Senate amendment as unnecessary. The constitutionality of chapter 9 of the House amendment is beyond doubt.

senate report no. 95–989

[Section 949] This section [enacted as section 946], which follows section 97 of current law [section 417 of former title 11], permits an exchange of a security before the case is filed to constitute an acceptance of the plan if the exchange was under a proposal that later becomes the plan.

U.S. Encyclopedia of Law Coverage

11-U.S.C.-946 in the Legal Encyclopedia: Bankruptcy

In this entry about 11-U.S.C.-946, find legal reference material, bibliographies and premiere content related to bankruptcy in the American Encyclopedia of Law, presenting a comprehensive view of the United States bankruptcy-specific issues, written by authorities in the field.

11-U.S.C.-901 in the Legal Encyclopedia: Adjustment of Debts

In this entry about 11-U.S.C.-901, find legal reference material, bibliographies and premiere content related to adjustment of debts in the American Encyclopedia of Law, presenting a comprehensive view of the United States adjustment of debts-specific issues, written by authorities in the field.

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