Title 48 — Territories and Insular PossessionsRelease 119-73not60
§2162 Who May Be a Debtor
Title 48 › Chapter 20— PUERTO RICO OVERSIGHT, MANAGEMENT, AND ECONOMIC STABILITY › Subchapter III— ADJUSTMENTS OF DEBTS › § 2162
Summary
A territory or its covered territorial agency becomes a debtor when it requested, or Congress created, an Oversight Board under section 2121, the Board certified it under section 2146(b), and it seeks a debt-adjustment plan.
Full Legal Text
Title 48, §2162
Territories and Insular Possessions — Source: USLM XML via OLRC
An entity may be a debtor under this subchapter if—
(1)the entity is—
(A)a territory that has requested the establishment of an Oversight Board or has had an Oversight Board established for it by the United States Congress in accordance with section 2121 of this title; or
(B)a covered territorial instrumentality of a territory described in paragraph (1)(A);
(2)the Oversight Board has issued a certification under section 2146(b) of this title for such entity; and
(3)the entity desires to effect a plan to adjust its debts.
Reference
Citations & Metadata
Citation
48 U.S.C. § 2162
Title 48 — Territories and Insular Possessions
Last Updated
Apr 5, 2026
Release point: 119-73not60