11 U.S.C. § 1523 — Actions to avoid acts detrimental to creditors
submitted 21 years ago by Pub. L. 109-8 to r/title-11-BANKRUPTCY · 76 words · no verdicts yet
After a foreign proceeding is recognized, its foreign representative has standing in a case about the debtor under another chapter of this title to initiate the actions listed in subsection (a). If the proceeding is a foreign nonmain proceeding, the action must concern assets that United States law says should be administered in that proceeding.
Upon recognition of a foreign proceeding*, the foreign representative* has standing in a case concerning the debtor* pending under another chapter of this title to initiate actions under sections 522, 544, 545, 547, 548, 550, 553, and 724(a).
When a foreign proceeding is a foreign nonmain proceeding, the court must be satisfied that an action under subsection (a) relates to assets that, under United States law, should be administered in the foreign nonmain proceeding.
Source credit: (Added Pub. L. 109–8, title VIII, § 801(a), Apr. 20, 2005, 119 Stat. 142.)
- 2005Enacted · Pub. L. 109-8 · 119 Stat. 142
A history note hasn’t been published yet. The record shows enactment by Pub. L. 109-8 on 2005-04-20.
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