Limitation on recourse

  1. Law
  2. USC 11
  3. Bankruptcy
  4. ADJUSTMENT OF DEBTS OF A MUNICIPALITY
  5. ADMINISTRATION
  6. Limitation on recourse

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§927. Limitation on recourse

The holder of a claim payable solely from special revenues of the debtor under applicable nonbankruptcy law shall not be treated as having recourse against the debtor on account of such claim pursuant to section 1111(b) of this title.

(Added Pub. L. 100–597, §7(2), Nov. 3, 1988, 102 Stat. 3029 .)


Editorial Notes

Prior Provisions

A prior section 927 was renumbered section 930 of this title.


Statutory Notes and Related Subsidiaries

Effective Date

Section effective Nov. 3, 1988, but not applicable to any case commenced under this title before that date, see section 12 of Pub. L. 100–597, set out as an Effective Date of 1988 Amendment note under section 101 of this title.


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