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Current as of January 01, 2024 | Updated by Findlaw Staff
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.
Cite this article: FindLaw.com - 48 U.S.C. § 2162 - U.S. Code - Unannotated Title 48. Territories and Insular Possessions § 2162. Who may be a debtor - last updated January 01, 2024 | https://codes.findlaw.com/us/title-48-territories-and-insular-possessions/48-usc-sect-2162/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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