Distribution — Us Code Code § 1143
Us Code Code § 1143 — Distribution. Reproduced from the official United States Code, with a citation summary, verification link, and related provisions.
§ 1143. Distribution
If a plan requires presentment or surrender of a security or the performance of any other act as a condition to participation in distribution under the plan, such action shall be taken not later than five years after the date of the entry of the order of confirmation. Any entity that has not within such time presented or surrendered such entity's security or taken any such other action that the plan requires may not participate in distribution under the plan.
(Pub. L. 95–598, Nov. 6, 1978, 92 Stat. 2639.)
Historical and Revision Notes
senate report no. 95–989
Section 1143 fixes a 5-year limitation on presentment or surrender of securities or the performance of any other act that is a condition to participation in distribution under the plan. The 5 years runs from the date of the entry of the order of confirmation. Any entity that does not take the appropriate action with the 5-year period is barred from participation in the distribution under the plan.
About This Section
11 U.S.C. § 1143 is part of Title 11 of the United States Code. The United States Code is the official codification of federal statutes maintained by the Office of the Law Revision Counsel of the U.S. House of Representatives. Congress amends the Code through new public laws, which are eventually incorporated into the relevant title.
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