11 USC 1204: Removal of debtor as debtor in possession

11 USC 1204: Removal of debtor as debtor in possession Text contains those laws in effect on January 4, 1995

From Title 11-BANKRUPTCYCHAPTER 12-ADJUSTMENT OF DEBTS OF A FAMILY FARMER WITH REGULAR ANNUAL INCOMESUBCHAPTER I-OFFICERS, ADMINISTRATION, AND THE ESTATE

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§1204. Removal of debtor as debtor in possession

(a) On request of a party in interest, and after notice and a hearing, the court shall order that the debtor shall not be a debtor in possession for cause, including fraud, dishonesty, incompetence, or gross mismanagement of the affairs of the debtor, either before or after the commencement of the case.

(b) On request of a party in interest, and after notice and a hearing, the court may reinstate the debtor in possession.

(Added Pub. L. 99–554, title II, §255, Oct. 27, 1986, 100 Stat. 3107 .)

Repeal of Section

Section repealed effective Oct. 1, 1998, see note set out preceding section 1201 of this title.

Section Referred to in Other Sections

This section is referred to in sections 363, 364, 1207 of this title.