U.S. Code » Title 48 » Chapter CHAPTER 20— PUERTO RICO OVERSIGHT, MANAGEMENT, AND ECONOMIC STABILITY › Subchapter SUBCHAPTER III— ADJUSTMENTS OF DEBTS

48 U.S.C. § 2165

Limitation on jurisdiction and powers of court

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Subject to the limitations set forth in subchapters I and II of this chapter, notwithstanding any power of the court, unless the Oversight Board consents or the plan so provides, the court may not, by any stay, order, or decree, in the case or otherwise, interfere with—(1) any of the political or governmental powers of the debtor;(2) any of the property or revenues of the debtor; or(3) the use or enjoyment by the debtor of any income-producing property.(Pub. L. 114–187, title III, § 305, June 30, 2016, 130 Stat. 580.)
Notes of Decisions
Cited in 15 cases (4 in the last 5 years), 2017–2024 · leading case: Assured Guar. Corp. v. Fin. Oversight & Mgmt. Bd. for Puerto Rico (In Re Fin. Oversight & Mgmt. Bd. for Puerto Rico), 919 F.3d 121 (1st Cir. 2019).
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Assured Guar. Corp. v. Fin. Oversight & Mgmt. Bd. for Puerto Rico (In Re Fin. Oversight & Mgmt. Bd. for Puerto Rico), 919 F.3d 121 (1st Cir. 2019). · cites it 2× “See 48 U.S.C. § 2165 . 12 The Insurers argue that Section 305 poses no impediment to their more liberal construction of Section 922(d).”
Aurelius Capital Master, Ltd. v. Commonwealth (In Re Fin. Oversight & Mgmt. Bd. for Puerto Rico), 919 F.3d 638 (1st Cir. 2019). · cites it 3× “48 U.S.C. § 2165 (emphasis added). We recently addressed the scope of this provision in In re Fin.”
Fin. Oversight & Mgmt. Bd. for P.R. v. Ad Hoc Grp. of PREPA Bondholders (In Re Fin. Oversight & Mgmt. Bd. for P.R.), 899 F.3d 13 (1st Cir. 2018). · cites it 3× “The district court concluded that PROMESA sections 305 and 306, 48 U.S.C. §§ 2165 , 2166, precluded it from granting such relief.”
Peaje Invs. LLC v. Fin. Oversight & Mgmt. Bd. for P.R. (In re Fin. Oversight & Mgmt. Bd. for P.R.), 899 F.3d 1 (1st Cir. 2018). “Defendants also raised PROMESA section 305, 48 U.S.C. § 2165 , as a bar to the relief sought by Peaje.”
Ambac Assurance Corp. v. Commonwealth (In Re Fin. Oversight & Mgmt. Bd. for Puerto Rico), 927 F.3d 597 (1st Cir. 2019). · cites it 2× “48 U.S.C. § 2165 . The provision mimics, in all pertinent respects, the analogous section 904 of the municipal-bankruptcy code.”
Assured Guar. Corp. v. Fin. Oversight & Mgmt. Bd. for Puerto Rico (In Re Fin. Oversight & Mgmt. Bd. for Puerto Rico), 931 F.3d 111 (1st Cir. 2019). “48 U.S.C. § 2165 . This court has stated that Section 305 is intended to be "respectful and protective of the status of the Commonwealth and its instrumentalities as governments, much like section 904 of the municipal bankruptcy code respects and protects the autonomy of states…”
Ambac Assurance Corp. v. Com. of Puerto Rico (In re Fin. Oversight & Mgmt. Bd. for Puerto Rico), 297 F. Supp. 3d 269 (2018). “48 U.S.C.S. § 2165 (LexisNexis 2017). As explained in this Court's January 30, 2018, decision dismissing the Amended Complaint in Assured Guaranty Corp.”
Acp Master, Ltd. v. Com. of Puerto Rico (In re Fin. Oversight & Mgmt. Bd. for Puerto Rico), 300 F. Supp. 3d 328 (2018). “48 U.S.C.S. § 2165 (LexisNexis 2017). As explained in the Court's recent decision in Assured , section 305 is not a jurisdictional provision.”
Coop. de Ahorro y Cred. de Rin v. COFINA (1st Cir. 2021). · cites it 2× “See 48 U.S.C. § 2165 . So it would seem to follow that we, too, could not "tweak" the plan by ordering the Commonwealth to settle for 46.”
Peaje Investments LLC v. PR Highways & Transp. (1st Cir. 2018). “5 Defendants also raised PROMESA section 305, 48 U.S.C. § 2165 , as a bar to the relief sought by Peaje.”
Pinto Lugo v. Commw. of Puerto Rico (1st Cir. 2021). “See 48 U.S.C. § 2165 . So it would seem to follow that we, too, could not "tweak" the plan by ordering the Commonwealth to settle for 46.”
Assured Guar. Corp. v. Commonwealth of Puerto Rico (1st Cir. 2021). “" 48 U.S.C. § 2165 . 6 These motions amended earlier 2019 motions requesting relief from the § 362 stay.”
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