48 U.S.C. · Territories and Insular Possessions
48 U.S.C. § 2195

Protection from inter-debtor transfers

Ch. 20 — PUERTO RICO OVERSIGHT, MANAGEMENT, AND ECONOMIC STABILITY
Title 48 U.S.C. ● ACTIVE Primary Source Ch. 20
Statutory Text

48 U.S.C. § 2195 — Protection from inter-debtor transfers

U.S.C. Title 48 - TERRITORIES AND INSULAR POSSESSIONS 48 U.S.C. United States Code, 2023 Edition Title 48 - TERRITORIES AND INSULAR POSSESSIONS CHAPTER 20 - PUERTO RICO OVERSIGHT, MANAGEMENT, AND ECONOMIC STABILITY SUBCHAPTER IV - MISCELLANEOUS PROVISIONS Sec. 2195 - Protection from inter-debtor transfers From the U.S. Government Publishing Office, www.gpo.gov

§2195. Protection from inter-debtor transfers

(a) Protection of creditors While an Oversight Board for Puerto Rico is in existence, if any property of any territorial instrumentality of Puerto Rico is transferred in violation of applicable law under which any creditor has a valid pledge of, security interest in, or lien on such property, or which deprives any such territorial instrumentality of property in violation of applicable law assuring the transfer of such property to such territorial instrumentality for the benefit of its creditors, then the transferee shall be liable for the value of such property. (b) Enforceability A creditor may enforce rights under this section by bringing an action in the United States District Court for the District of Puerto Rico after the expiration or lifting of the stay of section 2194 of this title, unless a stay under subchapter III is in effect.

(Pub. L. 114–187, title IV, §407, June 30, 2016, 130 Stat. 592.)

Source: uscode.house.gov — public domain Official Source ↗
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48 U.S.C. § 2195
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The statutory text of 48 U.S.C. § 2195 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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