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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 09:52:37 -04:00

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LegalText 11 U.S.C. § 1203 Rights and powers of debtor us united_states_code code_section 11 BANKRUPTCY 12 ADJUSTMENT OF DEBTS OF A FAMILY FARMER OR FISHERMAN WITH REGULAR ANNUAL INCOME 1203 11 U.S.C. § 1203 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc11@119-100.zip /us/usc/t11/s1203 data/legal/raw/us/code/title-11/usc11.xml d7d38eda233228729c1bc32191984399697416f84095a65eafef3142ab54a76b 49b32bf784de01de21874d64b5d1d78d1d245352824a03caa6d6b941a4a2c9a2 83ce6e65747b32ad77e4a87220cd4a4d881b5d6a8d126d613a3b96b975b4519f 2026-07-04 official
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11 U.S.C. § 1203 - Rights and powers of debtor

Text

Subject to such limitations as the court may prescribe, a debtor in possession shall have all the rights, other than the right to compensation under section 330, and powers, and shall perform all the functions and duties, except the duties specified in paragraphs (3) and (4) of section 1106(a), of a trustee serving in a case under chapter 11, including operating the debtors farm or commercial fishing operation.

(Added and amended Pub. L. 99554, title II, § 255, title III, § 302(f), Oct. 27, 1986, 100 Stat. 3107, 3124; Pub. L. 10365, § 1, Aug. 6, 1993, 107 Stat. 311; Pub. L. 105277, div. C, title I, § 149(a), Oct. 21, 1998, 112 Stat. 2681610; Pub. L. 1065, § 1(1), (2), Mar. 30, 1999, 113 Stat. 9; Pub. L. 10670, § 1, Oct. 9, 1999, 113 Stat. 1031; Pub. L. 1078, § 1, May 11, 2001, 115 Stat. 10; Pub. L. 10717, § 1, June 26, 2001, 115 Stat. 151; Pub. L. 107170, § 1, May 7, 2002, 116 Stat. 133; Pub. L. 107171, title X, § 10814(a), May 13, 2002, 116 Stat. 532; Pub. L. 107377, § 2(a), Dec. 19, 2002, 116 Stat. 3115; Pub. L. 10873, § 2(a), Aug. 15, 2003, 117 Stat. 891; Pub. L. 108369, § 2(a), Oct. 25, 2004, 118 Stat. 1749; Pub. L. 1098, title X, §§ 1001(a)(1), (c), 1007(c)(2), Apr. 20, 2005, 119 Stat. 185, 186, 188.)

Notes

Editorial Notes

Codification For repeal of section effective Oct. 1, 1998, and subsequent reenactment of section, see note set out preceding section 1201 of this title.

Amendments2005—Pub. L. 1098, § 1007(c)(2), inserted “or commercial fishing operation” after “farm”.

Statutory Notes and Related Subsidiaries

Effective Date of 2005 AmendmentAmendment by section 1007(c)(2) of Pub. L. 1098 effective 180 days after Apr. 20, 2005, and not applicable with respect to cases commenced under this title before such effective date, except as otherwise provided, see section 1501 of Pub. L. 1098, set out as a note under section 101 of this title.

Effective DatesPermanent reenactment of section effective July 1, 2005, see section 1001(a)(2) of Pub. L. 1098, set out as a Repeal, Reenactment, and Termination of Chapter note under section 1201 of this title. For effective dates of section and amendments extending periods for which section was reenacted prior to permanent reenactment, see Effective Date and Effective Date of 1999, 2001, 2002, 2003, and 2004 Amendment notes set out under section 1201 of this title.