11 U.S.C. § 1123 — Contents of plan

(a) Despite other nonbankruptcy law, a plan shall—(1) designate, subject to section 1122, classes of claims except claims described in section 507(a)(2), (3), or (8), and classes of interests; (2) identify unimpaired classes; (3) state the treatment of impaired classes; (4) treat every claim or interest in a class the same unless its holder agrees to less favorable treatment; (5) provide adequate ways to implement the plan, including—(A) the debtor keeping estate property; (B) transferring estate property to one or more existing or newly formed entities; (C) merger or consolidation; (D) selling estate property with or without liens or distributing it to people with interests in it; (E) satisfying or changing liens; (F) canceling or changing an indenture or similar instrument; (G) curing or waiving defaults; (H) extending maturity or changing interest rates or other security terms; (I) changing the debtor’s charter; and (J) issuing securities of the debtor or a transferee or merger entity for cash, property, existing securities, claims, interests, or another appropriate purpose; (6) if the debtor or a paragraph (5)(B) or (C) corporation is a corporation, include in its charter a ban on nonvoting equity securities and an appropriate distribution of voting power among voting classes, including adequate director-election rights for a preferred equity class if its dividend preference is in default; (7) contain only provisions consistent with creditors’ and equity holders’ interests and public policy about selecting officers, directors, trustees, and successors under the plan; and (8) in an individual’s case, provide creditors with the earnings from the debtor’s post-filing personal services, or the portion of other future income, needed to execute the plan. (b) Subject to subsection (a), a plan may—(1) impair or leave unimpaired any secured or unsecured claim class or interest class; (2) subject to section 365, assume, reject, or assign an executory contract or unexpired lease not previously rejected; (3) settle or adjust a debtor or estate claim or interest, or let the debtor, trustee, or estate representative retain and enforce it; (4) sell all or nearly all estate property and distribute the proceeds among claim or interest holders; (5) change the rights of secured-claim holders, except holders whose claim is secured only by a security interest in the debtor’s principal residence, or unsecured-claim holders, or leave a class’s rights unchanged; and (6) include another appropriate provision consistent with this title. (c) In an individual case, a plan proposed by someone other than the debtor may not use, sell, or lease property exempt under section 522 unless the debtor agrees. (d) If a plan proposes to cure a default, the amount needed to cure is determined under the underlying agreement and applicable nonbankruptcy law, despite subsection (a) and sections 506(b), 1129(a)(7), and 1129(b).