Public Law 397. to establish a uniform system of bankruptcy throughout the United States”, as amended, be, and is hereby, amended to read as follows: " “(e) (1) A plan of reorganization shall not be confirmed untilPlan of reorganization; acceptance and confirmation. it has been accepted in writing, whether before o

1,230 words·~6 min read·/statutes-at-large/vol-49/public-law-397·

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

(/us/pl/74/396).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, That subdivisionBankruptcy Act of 1898; amendment.Vol. 48, p. 912.Corporate reorganizations.

(1)of subsection

(e)of section 77B of the Act of July 1, 1898, entitled “An Act to establish a uniform system of bankruptcy throughout the United States”, as amended, be, and is hereby, amended to read as follows: " “(e)

(1)A plan of reorganization shall not be confirmed untilPlan of reorganization; acceptance and confirmation. it has been accepted in writing, whether before or after the filing of the petition or answer under this section, and such acceptance shall have been filed in the proceeding by or on behalf of creditors holding two-thirds in amount of the claims of each class whose claims have been allowed and would be affected by the plan and by or on behalf of stockholders of the debtor holding a majority of the stock of each class: *Provided, however*, That such acceptance*Proviso*.Classes of creditors whose acceptance not requisite. shall not be requisite to the confirmation of the plan by any creditor or class of creditors,

(a)whose claims are not affected by the plan, or

(b)if the plan makes provision for the payment of their claims in cash in full, or

(c)if provision is made in the plan for the protection of the interests, claims, or liens of such creditor or class of creditors in the manner provided in subdivision (b), clause (5), of this section: *And provided further*, That such acceptance shallClasses of stockholders, etc. not be requisite to the confirmation of the plan by any stockholder or class of stockholders

(1)if the judge shall have determined either that the debtor is insolvent, or that the interests of such stockholder or stockholders will not be affected by the plan, or

(2)if provision is made in the plan for the protection of the interests of such stockholder or class of stockholders in the manner provided in subdivision (b), clause (4), of this section. With such acceptance there shallDebtor’s contracts and leases. be set forth, verified in such manner as the judge shall require, what, if any, contracts of the debtor are executory in whole or in part, and what unexpired leases have been rejected and surrendered. With such acceptanceStatement of claims and shares of stock transferred by persons accepting plan. there shall be filed a statement, verified in such manner as the judge shall require, showing what, if any, claims and 966shares of stock have been purchased or transferred by those accepting the plan after the commencement or in contemplation of the proceeding, and the circumstances of such purchase or transfer:Waiver of filing when statement deemed impractical. *Provided, however*, That if the judge is satisfied that by reason of the number of securities outstanding and the extent of the public dealing therein the preparation of such a statement would be United States as a creditor.impractical, he may direct that it be not filed. If the United States of America is a creditor or stockholder, the interests or claims thereof Authority to accept or reject plan.shall be deemed to be affected by the plan, and the Secretary of the Treasury is hereby authorized to accept or reject a plan in respect of the interests or claims of the United States. If, in any reorganization proceeding under this section, the United States is a creditor on claims for taxes or customs duties (whether or not the United States has any other interest in, or claim against, the debtor, as creditor or stockholder), no plan which does not provide for the payment thereof shall be confirmed by the judge except upon the acceptance of a lesser amount by the Secretary of the Treasury *Proviso*.Presumption of approval.certified to the court: *Provided*, That if the Secretary of the Treasury shall fail to accept or reject a plan for more than ninety days after receipt of written notice so to do from the court to which the plan has been proposed, accompanied by a certified copy of the plan, his consent shall be conclusively presumed. " Approved, August 29, 1935. To withdraw and restore to their previous status under the control of the Territory of Hawaii certain Hawaiian homes lands now in use as an airplane landing field. Chapter 810 49 Stat. 966 1935-08-29 United States Government Publishing Office text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Digitization Vendor 2025-01-07 74 1 public [CHAPTER 810.] AN ACT To withdraw and restore to their previous status under the control of the Territory of Hawaii certain Hawaiian homes lands now in use as an airplane landing field. August 29, 1935.[[H. R. 7974](/us/bill/74/hr/7974).][[Public, No. 397](/us/pl/74/397).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, Hawaiian Homes Commission Act, 1920.Vol. 42, p. 109; [U. S. C., p. 2157](/us/usc/p2157). That so much of section 203 of title 2 of the Act entitled “Hawaiian Homes Commission Act, 1920”, approved July 9, 1921 (42 Stat. 108), as designates Restoration of certain lands to previous status.the land hereinafter described as “available lands” within the meaning of that Act, is hereby repealed and the land restored to its previous status under the control of the Territory of Hawaii. On the Island of Molokai.On the Island of Molokai: Those portions of Hoolehua, apana 2, and Palaau, apana 2, comprising the Molokai airplane landing field as set aside for public purposes by Executive Order Numbered 307 of the Governor of the Territory of Hawaii, dated December 15, 1927, consisting of two hundred four and nine-tenths acres, more or less, and particularly described as follows: Description.Beginning at a point on the southeast corner of the said land, from which the azimuth (measured clockwise from true south) and distance to United States Coast and Geodetic Survey Triangulation Station Middle Hill (Kaulapuu) is two hundred and seventy-two degrees twenty-three minutes thirty-nine seconds, twelve thousand seven hundred twenty and nine-tenths feet, thence from said point of beginning by metes and bounds; eighty-five degrees ten minutes thirty seconds, three thousand four hundred and twenty-seven feet; one hundred and eighty degrees fifty-six minutes thirty seconds, two thousand six hundred thirty and two-tenths feet; two hundred and seventy-nine degrees fifty-five minutes thirty seconds, four thousand nine hundred seven and three-tenths feet; three hundred and forty-six degrees twenty minutes, three hundred forty-two and three-tenths feet near west edge of Kakainapahao Gulch; three degrees twenty-six minutes, four hundred twenty-seven and one-tenth feet; eighty-three degrees twenty-four minutes, one thousand 967four hundred sixty-eight and two-tenths feet; five degrees fifty-eight minutes, five hundred seventy-one and three-tenths feet to the point of beginning. Sec. 2. This Act shall take effect upon its approval.Effective date. Approved, August 29, 1935. To authorize the transfer of a certain military reservation to the Department of the Interior. Chapter 811 49 Stat. 967 1935-08-29 United States Government Publishing Office text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Digitization Vendor 2025-01-07 74 1 public [CHAPTER 811.] AN ACT To authorize the transfer of a certain military reservation to the Department of the Interior. August 29, 1935.[[H. R. 8444](/us/bill/74/hr/8444).][

Connectionstraces to 2

Traces to 2 documents

statutes-at-large

1 reference not yet in our index

49 Stat. 966

Citation graph

cites case law

Public Law 397

to establish a uniform system of bankruptcy throughout the United States”, as amended, be, and is hereby, amended to read as follows: " “(e) (1) A plan of reorganization shall not be confirmed untilPlan of reorganization; acceptance and confirmation. it has been accepted in writing, whether before o

Stat.Chapter 42

Stat.Public Law 163

Stat.49 Stat. 966

Cites 3Cited by 0 across 0 sources