Code · STATUTE-COMPILATIONS · Small Business Reorganization Act of 2019 · Sec. 3

Sec. 3. PREFERENCES; VENUE OF CERTAIN PROCEEDINGS

74 words·~1 min read·/statute-compilations/comps-15463/sec-3

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

## SEC. 3 PREFERENCES; VENUE OF CERTAIN PROCEEDINGS ###

(a)Preferences Section 547(b) of title 11, United States Code, is amended by inserting “, based on reasonable due diligence in the circumstances of the case and taking into account a party’s known or reasonably knowable affirmative defenses under subsection (c),” after “may”. ###

(b)Venue of Certain Proceedings Section 1409(b) of title 28, United States Code, is amended by striking “$10,000” and inserting “$25,000”.