11 U.S.C. § 903 — Reservation of State power to control municipalities
submitted 48 years ago by Pub. L. 95-598 to r/title-11-BANKRUPTCY · 90 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
This chapter does not limit or impair the power of a State to control, by legislation or otherwise, a municipality of or in such State in the exercise of the political or governmental powers of such municipality, including expenditures for such exercise, but—
a State law prescribing a method of composition of indebtedness of such municipality may not bind any creditor* that does not consent to such composition; and
a judgment entered under such a law may not bind a creditor that does not consent to such composition.
Source credit: (Pub. L. 95–598, Nov. 6, 1978, 92 Stat. 2622; Pub. L. 98–353, title III, § 492, July 10, 1984, 98 Stat. 383.)
- 1978Enacted · Pub. L. 95-598 · 92 Stat. 2622
- 1984Amended · Pub. L. 98-353 · 98 Stat. 383
A history note hasn’t been published yet. The record shows enactment by Pub. L. 95-598 on 1978-11-06.
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