48 USC 2162: Who may be a debtor
Text contains those laws in effect on April 24, 2024
From Title 48-TERRITORIES AND INSULAR POSSESSIONSCHAPTER 20-PUERTO RICO OVERSIGHT, MANAGEMENT, AND ECONOMIC STABILITYSUBCHAPTER III-ADJUSTMENTS OF DEBTS
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§2162. Who may be a debtor
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.
(