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Code · STATUTE-COMPILATIONS · Compilation 10833 · Sec. 11055

Sec. 11055. SPECIAL REQUIREMENTS UPON DISCONTINUATION OF TRUST FUND

132 words·~1 min read·/statute-compilations/comps-10833/sec-11055

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## SEC. 11055 SPECIAL REQUIREMENTS UPON DISCONTINUATION OF TRUST FUND ###
(a)Successor to Trustee If the Secretary determines that the Trust Fund shall be discontinued after it has been depleted of assets, the Secretary shall appoint a successor to the Trustee to administer the requirements of this subtitle, with the same powers and subject to the same conditions as were applicable to the Trustee. ###
(b)Continuing Application of Terms and Conditions The methodology selected by the Secretary under section 11054(b), and the payment of benefits pursuant to such methodology, shall be subject to the same arrangements, terms, and conditions as were applicable under this subtitle to the Trust Fund and the benefits paid under the Trust Fund (including provisions relating to the treatment of the Trust Fund under certain laws).
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