§ 319. Party to plan or transaction.
73 words·~1 min read·
/pa/title-15/chapter-3/319A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 319. Party to plan or transaction.
An association that approves a plan in its capacity as an interest holder or creditor of a domestic or foreign association that is a party to the transaction under the plan, or that furnishes all or a part of the consideration contemplated by a plan, does not thereby become a party to the plan or the transaction under the plan for purposes of this chapter.
15c320s