§1203. Rights and powers of debtor

Subject to such limitations as the court may prescribe, a debtor in possession shall have all the rights, other than the right to compensation under section 330, and powers, and shall perform all the functions and duties, except the duties specified in paragraphs (3) and (4) of section 1106(a), of a trustee serving in a case under chapter 11, including operating the debtor's farm.

(Added and amended Pub. L. 99–554, title II, §255, title III, §302(f), Oct. 27, 1986, 100 Stat. 3107 , 3124; Pub. L. 105–277, div. C, title I, §149(a), Oct. 21, 1998, 112 Stat. 2681–610 ; Pub. L. 106–5, §1(1), (2), Mar. 30, 1999, 113 Stat. 9 ; Pub. L. 106–70, §1, Oct. 9, 1999, 113 Stat. 1031 .)

Termination of Section

For termination of reenactment of this section by section 149(a) of Pub. L. 105–277, as amended, see Repeal, Reenactment, and Termination of Chapter note set out under section 1201 of this title.

Codification

Section repealed effective Oct. 1, 1998, by Pub. L. 99–554, title III, §302(f), Oct. 27, 1986, 100 Stat. 3124 , as amended by Pub. L. 103–65, §1, Aug. 6, 1993, 107 Stat. 311 . Section, as in effect on Sept. 30, 1998, reenacted by Pub. L. 105–277, div. C, title I, §149(a), Oct. 21, 1998, 112 Stat. 2681–610 , for the period beginning on Oct. 1, 1998, and ending on Apr. 1, 1999. Pub. L. 105–277, §149(a), as subsequently amended by Pub. L. 106–5 and Pub. L. 106–70, provided that this section, as in effect on Sept. 30, 1999, is reenacted for the period beginning on Oct. 1, 1999, and ending on July 1, 2000. See Repeal, Reenactment, and Termination of Chapter note set out under section 1201 of this title.

Section Referred to in Other Sections

This section is referred to in sections 106, 363, 364, 1202 of this title.