United States Code (Last Updated: May 24, 2014) |
Title 11. BANKRUPTCY |
Chapter 12. ADJUSTMENT OF DEBTS OF A FAMILY FARMER OR FISHERMAN WITH REGULAR ANNUAL INCOME |
SubChapter I. OFFICERS, ADMINISTRATION, AND THE ESTATE |
§ 1206. Sales free of interests
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After notice and a hearing, in addition to the authorization contained in section 363(f), the trustee in a case under this chapter may sell property under section 363(b) and (c) free and clear of any interest in such property of an entity other than the estate if the property is farmland, farm equipment, or property used to carry out a commercial fishing operation (including a commercial fishing vessel), except that the proceeds of such sale shall be subject to such interest.
Codification
For repeal of section effective
Amendments
2005—Pub. L. 109–8, § 1007(c)(3), substituted “if the property is farmland, farm equipment, or property used to carry out a commercial fishing operation (including a commercial fishing vessel)” for “if the property is farmland or farm equipment”.
Effective Date Of Amendment
Amendment by section 1007(c)(3) of Pub. L. 109–8 effective 180 days after