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11 U.S. Code § 542 - Turnover of property to the estate. Except as provided in subsection (c) or (d) of this section, an entity, other than a custodian, in possession, custody, or control, during the case, of property that the trustee may use, sell, or lease under section 363 of this title, or that the debtor may exempt under section 522 of ...
11 U.S.C. § 542 - U.S. Code - Unannotated Title 11. Bankruptcy § 542. Turnover of property to the estate. Current as of January 01, 2024 | Updated by FindLaw Staff. (a) Except as provided in subsection (c) or (d) of this section, an entity, other than a custodian, in possession, custody, or control, during the case, of property that the ...
Searchable text of the 11 USC 542 - Turnover of property to the estate (US Code), including Notes, Amendments, and Table of Authorities
Protection afforded by section 542 (c) applies only to the transferor or payor and not to a transferee or payee receiving a transfer or payment, as the case may be. Such transferee or payee is treated under section 549 and section 550 of title 11.
Section 542 requires a person or entity in possession of a debtor’s property to “deliver to the trustee, and account for” any such property. 11U.S.C.§542.
11 U.S.C. 542 - Turnover of property to the estate. View the most recent version of this document on this website. Summary.
Turnover of property to the estate. (a) Except as provided in subsection (c) or (d) of this section, an entity, other than a custodian, in possession, custody, or control, during the case, of property that the trustee may use, sell, or lease under section 363 of this title, or that the debtor may exempt under section 522 of this title, shall ...
See, for example, 11 U.S.C. Section 542 (d) (2), providing that a Bankruptcy Court shall not require a custodian to turn over records to the bankruptcy estate if the custodian was appointed or took possession more than 120 days before the filing of the bankruptcy case.
11 U.S.C. § 542. (a) Except as provided in subsection (c) or (d) of this section, an entity, other than a custodian, in possession, custody, or control, during the case, of property that the trustee may use, sell, or lease under section 363 of this title, or that the debtor may exempt under section 522 of this title, shall deliver to the ...
Searchable text of the 11 USC 542 - Turnover of property to the estate (US Code), including Notes, Amendments, and Table of Authorities.