If a plan requires presentment or surrender of a security or the performance of any other act as a condition to participation in distribution under the plan, such action shall be taken not later than five years after the date of the entry of the order of confirmation. Any entity that has not within such time presented or surrendered such entity's security or taken any such other action that the plan requires may not participate in distribution under the plan.
(Pub. L. 95–598, Nov. 6, 1978, 92 Stat. 2639.)
Sections: Previous 1125 1126 1127 1128 1129 1141 1142 1143 1144 1145 1146 1161 1162 1163 1164 Next
Last modified: October 26, 2015