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2026-07-06 09:52:37 -04:00

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LegalText 11 U.S.C. § 928 Post petition effect of security interest us united_states_code code_section 11 BANKRUPTCY 9 ADJUSTMENT OF DEBTS OF A MUNICIPALITY 928 11 U.S.C. § 928 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/s928 data/legal/raw/us/code/title-11/usc11.xml 50ef1c2b97e80d9cbd3857cbcf82baee156f8b3fa3a392cea8d554d3c2313347 49b32bf784de01de21874d64b5d1d78d1d245352824a03caa6d6b941a4a2c9a2 b33eb94f234738be9107bdd755e837513d0bb4c2e7c1f2e87901dfcb98a25653 2026-07-04 official
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11 U.S.C. § 928 - Post petition effect of security interest

Text

(a) Notwithstanding section 552(a) of this title and subject to subsection (b) of this section, special revenues acquired by the debtor after the commencement of the case shall remain subject to any lien resulting from any security agreement entered into by the debtor before the commencement of the case.

(b) Any such lien on special revenues, other than municipal betterment assessments, derived from a project or system shall be subject to the necessary operating expenses of such project or system, as the case may be.

(Added Pub. L. 100597, § 8, Nov. 3, 1988, 102 Stat. 3029.)

Notes

Statutory Notes and Related Subsidiaries

Effective DateSection effective Nov. 3, 1988, but not applicable to any case commenced under this title before that date, see section 12 of Pub. L. 100597, set out as an Effective Date of 1988 Amendment note under section 101 of this title.