§ 1773. Limitation on authority under Federal bankruptcy code
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 74 Pa.C.S.A. Transportation
74 Pa.C.S.A. § 1773
§ 1773. Limitation on authority under Federal bankruptcy code
So long as an authority shall have outstanding any bonds issued under this chapter, the authority shall not be authorized to file a petition for relief under 11 U.S.C. Chapter 9 (relating to adjustment of debts of a municipality), and no public officer or agency or instrumentality of the Commonwealth shall authorize the authority to become a debtor under 11 U.S.C. Chapter 9 so long as any bonds issued under this chapter are outstanding.
Credits
1994, Feb. 10, P.L. 20, No. 3, § 4, imd. effective.
74 Pa.C.S.A. § 1773, PA ST 74 Pa.C.S.A. § 1773
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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