A bill to amend title 11 of the United States Code to provide that in cases under chapter 11 certain transfers by State banks to satisfy debts arising from deposits shall not be voidable.

referredUnited States· United States Congress· EN

Introduced

25 June 1984

Last action

—

Status

Referred to Subcommittee on Monopolies and Commercial Law.

Summary

Amends the Bankruptcy Code to provide that in a case under chapter 11 (reorganization) the trustee may not avoid a transfer to the extent that such transfer is made: (1) by a debtor who is a State bank; (2) in satisfaction of a debt arising from a deposit made in such bank by a transferee; and (3) to a transferee who takes in good faith. Makes such restriction effective for cases commenced on or after March 10, 1983.

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Documents

1 official file

Introduced in House
summary · EN · 25 June 1984
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/98th-congress/house-bill/5923
Open data entity: https://api.congress.gov/v3/bill/98/hr/5923