Bookmarking and annotating the Code and Rules is a special benefit of ABI membership. Join ABI or take a Test Drive today, and start making the Code and Rules your own!
This chapter does not limit or impair the power of a State to control, by legislation or otherwise, a municipality of or in such State in the exercise of the political or governmental powers of such municipality, including expenditures for such exercise, but—
(1) a State law prescribing a method of composition of indebtedness of such municipality may not bind any creditor that does not consent to such composition; and
(2) a judgment entered under such a law may not bind a creditor that does not consent to such composition.
ABI Related Resources
Your trusted source for original insolvency articles and legislative updates.
Timely summaries of court of appeals and bankruptcy appellate panel decisions.
| Case | Decided |
|---|---|
| Franklin CA Tax-Free Trust v. Commonwealth of Puerto Rico | 02/20/2025 |
Bankruptcy-related opinion summaries provided by partner LexisNexis® Collier.
| Case | Decided |
|---|---|
| Puerto Rico v. Franklin Cal. Tax-Free Trust U.S. | 06/12/2016 |
| Franklin Cal. Tax-Free Trust v. Puerto Rico | 07/05/2015 |
| In re City of Stockton | 02/03/2015 |
Quality educational content from all ABI conferences.
| Article | Date |
|---|---|
| Supreme Court Review: Recent Decisions and Their Potential Implications for Bankruptcy Lawyers | 11/27/2023 |
| Municipal Bankruptcies | 05/15/2019 |
| Municipal Bankruptcies | 05/17/2018 |
| International Insolvency Regimes at a Crossroads: Choosing a Direction for Insolvency Law Reform | 11/27/2017 |
| A Unique Peek Inside Municipal Bankruptcy Cases | 07/24/2017 |
Learn more about Law.ABI.org
