11-U.S.C.-1143

§1143 – Distribution

Pathway

Title 11 > Chapter 11 > Subchapter III > Section 1143

Details

• Reference: Section 1143
• Legend: §1143 – Distribution
• USCode Year: 2013

Provision Content

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 entitys security or taken any such other action that the plan requires may not participate in distribution under the plan.

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

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.

U.S. Encyclopedia of Law Coverage

11-U.S.C.-1108 in the Legal Encyclopedia: Bankruptcy

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11-U.S.C.-1124 in the Legal Encyclopedia: Bankruptcy Reorganization

In this entry about 11-U.S.C.-1124, find legal reference material, bibliographies and premiere content related to bankruptcy reorganization in the American Encyclopedia of Law, presenting a comprehensive view of the United States bankruptcy reorganization-specific issues, written by authorities in the field.

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