§2161 Applicability of other laws; definitions

Summary

Many specific rules from the federal bankruptcy code (title 11) apply to cases under this subchapter. A long list of sections from title 11 is made to apply here, and section 930 also applies except it does not apply during the first 120 days after the case starts. If a word is defined in a title 11 section that is made to apply here, use that meaning unless this subchapter gives a different one. When title 11 or the bankruptcy rules say “this title,” “title 11,” or similar phrases in a case under this subchapter, read those words to mean this subchapter. The Oversight Board must consider whether claims are secured and their priority when deciding if claims are “substantially similar.” Any rule that only works if the debtor is allowed to run its business still works in these cases. Definitions used here: affiliate — also includes territorial instrumentalities and their relationship to the territory; debtor — the territory or a covered territorial instrumentality that filed the case; holder of a claim or interest — for voting rules it excludes certain issuers or territorial instrumentalities controlled by the issuer (beneficiaries are not excluded, and a separate creditors’ committee can be ordered on request), and for insured bonds it means the monoline insurer when that insurer has voting rights; Insured Bond — a bond backed by a monoline insurer; property of the estate — the debtor’s property; State — means State or territory when used about a State’s relation to its municipality or territorial instrumentality; trustee — means the Oversight Board (not the U.S. Trustee), except as provided in section 926 of title 11.