48 U.S.C. § 2162 — Who may be a debtor
submitted 10 years ago by Pub. L. 114-187 to r/title-48-TERRITORIES-AND-INSULAR-POSSESSIONS · 92 words · no verdicts yet
An entity may be a debtor under this subchapter only if it is a qualifying territory or covered territorial instrumentality, has the required Oversight Board certification, and wants a debt-adjustment plan.
An entity may be a debtor* if (1) it is either (A) a territory* that requested an Oversight Board* or had one established by Congress under section 2121, or (B) a covered territorial instrumentality* of that territory; (2) the Oversight Board certified the entity under section 2146(b); and (3) the entity wants to carry out a plan adjusting its debts.
An entity may be a debtor* under this subchapter if—
the entity is—
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
a covered territorial instrumentality* of a territory described in paragraph (1)(A);
the Oversight Board has issued a certification under section 2146(b) of this title for such entity; and
the entity desires to effect a plan to adjust its debts.
Source credit: (Pub. L. 114–187, title III, § 302, June 30, 2016, 130 Stat. 579.)
- 2016Enacted · Pub. L. 114-187 · 130 Stat. 579
A history note hasn’t been published yet. The record shows enactment by Pub. L. 114-187 on 2016-06-30.
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