29 U.S.C. § 1367 — Recovery of liability for plan termination
submitted 52 years ago by Pub. L. 93-406 to r/title-29-LABOR · 68 words · no verdicts yet
This section allows the corporation to arrange payment of liability connected with a plan termination. The arrangements may include deferred payment.
The corporation may arrange with contributing sponsors and controlled-group members who are or may become liable under sections 1362, 1363, or 1364 to pay that liability. The arrangements may defer payment of amounts accruing as of the termination date, on terms and for periods the corporation considers fair and appropriate.
The corporation is authorized to make arrangements with contributing sponsors and members of their controlled groups who are or may become liable under section 1362, 1363, or 1364 of this title for payment of their liability, including arrangements for deferred payment of amounts of liability to the corporation accruing as of the termination date on such terms and for such periods as the corporation deems equitable and appropriate.
Source credit: (Pub. L. 93–406, title IV, § 4067, Sept. 2, 1974, 88 Stat. 1032; Pub. L. 99–272, title XI, § 11016(a)(6)(A), Apr. 7, 1986, 100 Stat. 271; Pub. L. 100–203, title IX, § 9313(b)(6), Dec. 22, 1987, 101 Stat. 1330–366; Pub. L. 101–239, title VII, § 7893(g)(3), Dec. 19, 1989, 103 Stat. 2448.)
- 1974Enacted · Pub. L. 93-406 · 88 Stat. 1032
- 1986Amended · Pub. L. 99-272 · 100 Stat. 271
- 1987Amended · Pub. L. 100-203 · 101 Stat. 1330
- 1989Amended · Pub. L. 101-239 · 103 Stat. 2448
A history note hasn’t been published yet. The record shows enactment by Pub. L. 93-406 on 1974-09-02.
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