Temple City Bankruptcy Attorney

TITLE 11 - BANKRUPTCY
CHAPTER 11 - REORGANIZATION
    SUBCHAPTER III - POSTCONFIRMATION MATTERS

-HEAD-
    Sec. 1143. Distribution

-STATUTE-
      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.

-SOURCE-
    (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.

-End-