[USC02] 11 USC 1523: Actions to avoid acts detrimental to creditors
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11 USC 1523: Actions to avoid acts detrimental to creditors Text contains those laws in effect on November 17, 2019
From Title 11-BANKRUPTCYCHAPTER 15-ANCILLARY AND OTHER CROSS-BORDER CASESSUBCHAPTER III-RECOGNITION OF A FOREIGN PROCEEDING AND RELIEF

§1523. Actions to avoid acts detrimental to creditors

(a) Upon recognition of a foreign proceeding, the foreign representative has standing in a case concerning the debtor pending under another chapter of this title to initiate actions under sections 522, 544, 545, 547, 548, 550, 553, and 724(a).

(b) When a foreign proceeding is a foreign nonmain proceeding, the court must be satisfied that an action under subsection (a) relates to assets that, under United States law, should be administered in the foreign nonmain proceeding.

(Added Pub. L. 109–8, title VIII, §801(a), Apr. 20, 2005, 119 Stat. 142 .)

Effective Date

Section 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 an Effective Date of 2005 Amendment note under section 101 of this title.