FEDERAL · 11 U.S.C. · Chapter SUBCHAPTER III—RECOGNITION OF A FOREIGN PROCEEDING AND RELIEF
Actions to avoid acts detrimental to creditors
11 U.S.C. § 1523
Title11 — Bankruptcy
ChapterSUBCHAPTER III—RECOGNITION OF A FOREIGN PROCEEDING AND RELIEF
This text of 11 U.S.C. § 1523 (Actions to avoid acts detrimental to creditors) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
11 U.S.C. § 1523.
Text
(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.
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Source Credit
History
(Added Pub. L. 109–8, title VIII, §801(a), Apr. 20, 2005, 119 Stat. 142.)
Editorial Notes
Statutory Notes and Related Subsidiaries
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.
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.
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11 U.S.C. § 1523, Counsel Stack Legal Research, https://law.counselstack.com/usc/11/1523.