11 U.S.C. · Bankruptcy
11 U.S.C. § 928

Post petition effect of security interest

Ch. 9 — ADJUSTMENT OF DEBTS OF A MUNICIPALITY
Title 11 U.S.C. ● ACTIVE Primary Source Ch. 9
Statutory Text

11 U.S.C. § 928 — Post petition effect of security interest

U.S.C. Title 11 - BANKRUPTCY 11 U.S.C. United States Code, 2023 Edition Title 11 - BANKRUPTCY CHAPTER 9 - ADJUSTMENT OF DEBTS OF A MUNICIPALITY SUBCHAPTER II - ADMINISTRATION Sec. 928 - Post petition effect of security interest From the U.S. Government Publishing Office, www.gpo.gov

§928. Post petition effect of security interest

(a) Notwithstanding section 552(a) of this title and subject to subsection (b) of this section, special revenues acquired by the debtor after the commencement of the case shall remain subject to any lien resulting from any security agreement entered into by the debtor before the commencement of the case. (b) Any such lien on special revenues, other than municipal betterment assessments, derived from a project or system shall be subject to the necessary operating expenses of such project or system, as the case may be.

(Added Pub. L. 100–597, §8, Nov. 3, 1988, 102 Stat. 3029.)

Statutory Notes and Related Subsidiaries

Effective Date Section effective Nov. 3, 1988, but not applicable to any case commenced under this title before that date, see section 12 of Pub. L. 100–597, set out as an Effective Date of 1988 Amendment note under section 101 of this title.

Source: uscode.house.gov — public domain Official Source ↗
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11 U.S.C. § 928
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The statutory text of 11 U.S.C. § 928 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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