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11 U.S.C. § 1206 — Sales free of interests

submitted 40 years ago by Pub. L. 99-554 to r/title-11-BANKRUPTCY · 81 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section sets rules about sales free of interests. It applies only to the people, entities, property, actions, deadlines, and exceptions stated in the section.

After notice and a hearing, in addition to the authorization contained in section 363(f), the trustee in a case under this chapter may sell property under section 363(b) and (c) free and clear of any interest in that property of an entity other than the estate if the property is farmland, farm equipment, or property used to carry out a commercial fishing operation (including a commercial fishing vessel), except that the proceeds of that sale must be subject to that interest.
the actual law source: uscode.house.gov ↗public domain

After notice and a hearing, in addition to the authorization contained in section 363(f), the trustee in a case under this chapter may sell property under section 363(b) and (c) free and clear of any interest in such property of an entity other than the estate if the property is farmland, farm equipment, or property used to carry out a commercial fishing operation (including a commercial fishing vessel), except that the proceeds of such sale shall be subject to such interest.

Source credit: (Added and amended Pub. L. 99–554, title II, § 255, title III, § 302(f), Oct. 27, 1986, 100 Stat. 3108, 3124; Pub. L. 103–65, § 1, Aug. 6, 1993, 107 Stat. 311; Pub. L. 105–277, div. C, title I, § 149(a), Oct. 21, 1998, 112 Stat. 2681–610; Pub. L. 106–5, § 1(1), (2), Mar. 30, 1999, 113 Stat. 9; Pub. L. 106–70, § 1, Oct. 9, 1999, 113 Stat. 1031; Pub. L. 107–8, § 1, May 11, 2001, 115 Stat. 10; Pub. L. 107–17, § 1, June 26, 2001, 115 Stat. 151; Pub. L. 107–170, § 1, May 7, 2002, 116 Stat. 133; Pub. L. 107–171, title X, § 10814(a), May 13, 2002, 116 Stat. 532; Pub. L. 107–377, § 2(a), Dec. 19, 2002, 116 Stat. 3115; Pub. L. 108–73, § 2(a), Aug. 15, 2003, 117 Stat. 891; Pub. L. 108–369, § 2(a), Oct. 25, 2004, 118 Stat. 1749; Pub. L. 109–8, title X, §§ 1001(a)(1), (c), 1007(c)(3), Apr. 20, 2005, 119 Stat. 185, 186, 188.)

history & why it existsrecord from the source credit
  • 1986Enacted · Pub. L. 99-554 · 100 Stat. 3108, 3124
  • 1993Amended · Pub. L. 103-65 · 107 Stat. 311
  • 1998Amended · Pub. L. 105-277 · 112 Stat. 2681
  • 1999Amended · Pub. L. 106-5 · 113 Stat. 9
  • 1999Amended · Pub. L. 106-70 · 113 Stat. 1031
  • 2001Amended · Pub. L. 107-8 · 115 Stat. 10
  • 2001Amended · Pub. L. 107-17 · 115 Stat. 151
  • 2002Amended · Pub. L. 107-170 · 116 Stat. 133
  • 2002Amended · Pub. L. 107-171 · 116 Stat. 532
  • 2002Amended · Pub. L. 107-377 · 116 Stat. 3115
  • 2003Amended · Pub. L. 108-73 · 117 Stat. 891
  • 2004Amended · Pub. L. 108-369 · 118 Stat. 1749
  • 2005Amended · Pub. L. 109-8 · 119 Stat. 185, 186, 188

A history note hasn’t been published yet. The record shows enactment by Pub. L. 99-554 on 1986-10-27.

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