Temple City Bankruptcy Attorney, Bankruptcy Lawyer, Bankruptcy Code 11 USC Section 1206

TITLE 11 - BANKRUPTCY
CHAPTER 12 - ADJUSTMENT OF DEBTS OF A FAMILY FARMER OR FISHERMAN
                  WITH REGULAR ANNUAL INCOME      
    SUBCHAPTER I - OFFICERS, ADMINISTRATION, AND THE ESTATE

-HEAD-
    Sec. 1206. Sales free of interests

-STATUTE-
      After notice and a hearing, in addition to the authorization
    contained in section 363(f), the trustee in a case under this
    chapter may sell property under section 363(b) and (c) free and
    clear of any interest in such property of an entity other than the
    estate if the property is farmland, farm equipment, or property
    used to carry out a commercial fishing operation (including a
    commercial fishing vessel), except that the proceeds of such sale
    shall be subject to such interest.

-SOURCE-
    (Added and amended Pub. L. 99-554, title II, Sec. 255, title III,
    Sec. 302(f), Oct. 27, 1986, 100 Stat. 3108, 3124; Pub. L. 105-277,
    div. C, title I, Sec. 149(a), Oct. 21, 1998, 112 Stat. 2681-610;
    Pub. L. 106-5, Sec. 1(1), (2), Mar. 30, 1999, 113 Stat. 9; Pub. L.
    106-70, Sec. 1, Oct. 9, 1999, 113 Stat. 1031; Pub. L. 107-8, Sec.
    1, May 11, 2001, 115 Stat. 10; Pub. L. 107-17, Sec. 1, June 26,
    2001, 115 Stat. 151; Pub. L. 107-170, Sec. 1, May 7, 2002, 116
    Stat. 133; Pub. L. 107-171, title X, Sec. 10814(a), May 13, 2002,
    116 Stat. 532; Pub. L. 107-377, Sec. 2(a), Dec. 19, 2002, 116 Stat.
    3115; Pub. L. 108-73, Sec. 2(a), Aug. 15, 2003, 117 Stat. 891; Pub.
    L. 108-369, Sec. 2(a), Oct. 25, 2004, 118 Stat. 1749; Pub. L. 109-
    8, title X, Secs. 1001(a)(1), 1007(c)(3), Apr. 20, 2005, 119 Stat.
    185, 188.)

-COD-
                               CODIFICATION                           
      For repeal of section effective Oct. 1, 1998, and subsequent
    reenactment of section, see note set out preceding section 1201 of
    this title.


                                AMENDMENTS                            
      2005 - Pub. L. 109-8, Sec. 1007(c)(3), substituted "if the
    property is farmland, farm equipment, or property used to carry out
    a commercial fishing operation (including a commercial fishing
    vessel)" for "if the property is farmland or farm equipment".

                     EFFECTIVE DATE OF 2005 AMENDMENT                 
      Amendment by section 1007(c)(3) of Pub. L. 109-8 effective 180
    days after Apr. 20, 2005, and not applicable with respect to cases
    commenced under this title before such effective date, except as
    otherwise provided, see section 1501 of Pub. L. 109-8, set out as a
    note under section 101 of this title.

-End-
Professional Membership
