§1143 — Title 11 Bankruptcy | U.S. Code

Summary

If a plan says you must present or give up a security or do some other required act to get a distribution, you must do that within five years after the court confirms the plan. Anyone who does not do the required action within that five-year period cannot take part in any distribution under the plan.

Title 11, §1143

Bankruptcy — Source: USLM XML via OLRC

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.

Notes & Related Subsidiaries

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.

§1143 Distribution

Summary

Title 11, §1143

Notes & Related Subsidiaries

Historical and Revision Notes

senate report no. 95–989

Citations & Metadata