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(a) In General. After confirmation and when any stay under Rule 3020(e) expires, payments under the plan must be distributed to:
- creditors whose claims have been allowed;
- interest holders whose interests have not been disallowed; and
- indenture trustees whose claims under Rule 3003(c)(5) have been allowed.
(b) Definition of “Creditors” and “Interest Holders.”
In this Rule 3021:
In this Rule 3021:
(1) “creditors” include record holders of bonds, debentures, notes, and other debt securities as of the initial distribution date, unless the plan or confirmation order states a different date; and
(2) “interest holders” include record holders of stock and other equity securities as of the initial distribution date, unless the plan or confirmation order states a different date.
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