48 U.S.C. § 2162 — Who may be a debtor

FEDERAL · 48 U.S.C. · Chapter 20

Who may be a debtor

Current through Pub. L. 119-102

Title 48 — Territories and Insular Possessions·Ch. 20 — PUERTO RICO OVERSIGHT, MANAGEMENT, AND ECONOMIC STABILITY·Subch. III

An entity may be a debtor under this subchapter if—

(1)the entity is—

(A)a territory that has requested the establishment of an Oversight Board or has had an Oversight Board established for it by the United States Congress in accordance with section 2121 of this title; or

(B)a covered territorial instrumentality of a territory described in paragraph (1)(A);

(2)the Oversight Board has issued a certification under section 2146(b) of this title for such entity; and

(3)the entity desires to effect a plan to adjust its debts.

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An entity may be a debtor under this subchapter if—
(1) the entity is—
(A) a territory that has requested the establishment of an Oversight Board or has had an Oversight Board established for it by the United States Congress in accordance with section 2121 of this title; or
(B) a covered territorial instrumentality of a territory described in paragraph (1)(A);
(2) the Oversight Board has issued a certification under section 2146(b) of this title for such entity; and
(3) the entity desires to effect a plan to adjust its debts.

48 U.S.C. § 2162 (Who may be a debtor) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Source Credit

History

(Pub. L. 114–187, title III, §302, June 30, 2016, 130 Stat. 579.)

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History