11 U.S.C. · Bankruptcy
11 U.S.C. § 1143

Distribution

Ch. 11 — REORGANIZATION
Title 11 U.S.C. ● ACTIVE Primary Source Ch. 11
Statutory Text

11 U.S.C. § 1143 — Distribution

U.S.C. Title 11 - BANKRUPTCY 11 U.S.C. United States Code, 2023 Edition Title 11 - BANKRUPTCY CHAPTER 11 - REORGANIZATION SUBCHAPTER III - POSTCONFIRMATION MATTERS Sec. 1143 - Distribution From the U.S. Government Publishing Office, www.gpo.gov

§1143. Distribution

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.

(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.

Source: uscode.house.gov — public domain Official Source ↗
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11 U.S.C. § 1143
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The statutory text of 11 U.S.C. § 1143 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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