Title 48 — Territories and Insular Possessions
Chapter 20 — Puerto Rico Oversight, Management, and Economic Stability
§ 2162. Who may be a debtor
Statutory text
An entity may be a debtor under this subchapter if—
the entity is—
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
a covered territorial instrumentality of a territory described in paragraph (1)(A);
the Oversight Board has issued a certification under section 2146(b) of this title for such entity; and
the entity desires to effect a plan to adjust its debts.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Puerto Rico Oversight, Management, and Economic Stability Act
Pub. L. 114–187 title III § 302 · 130 Stat. 549
Enacted · 48 U.S.C. § 2162
(Pub. L. 114–187, title III, § 302, June 30, 2016, 130 Stat. 579.)
Source evidence
Code source credit
(Pub. L. 114–187, title III, § 302, June 30, 2016, 130 Stat. 579.)Enacted provision · exact public law section
SEC. 302. WHO MAY BE A DEBTOR. An entity may be a debtor under this title 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 101 of this Act; or (B) a covered territorial instrumentality of a territory described in paragraph (1)(A); (2) the Oversight Board has issued a certification under section 206(b) of this Act for such entity; and (3) the entity desires to effect a plan to adjust its debts.
1 of 1 references resolved to an enrolled provision