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Ingested titles 12–51 and 54 from OLRC USLM XML @119-100 (the whole Code now, uniform edition; Title 53 is reserved/empty). LegalText 11,221 -> 59,740; repo total 105,704 records. Deterministic (byte-identical rerun, verified on Title 42's 8,356 sections); make check green. make legal-us-code default now covers every title. Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
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| LegalText | 29 U.S.C. § 1431 | Assistance by corporation | us | united_states_code | code_section | 29 | LABOR | 18 | EMPLOYEE RETIREMENT INCOME SECURITY PROGRAM | 1431 | 29 U.S.C. § 1431 | current | 119-100 | 2026-06-26 | official | https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc29@119-100.zip | /us/usc/t29/s1431 | data/legal/raw/us/code/title-29/usc29.xml | e6c14114ed01bcb1a19ac7cb7f7d0ac0bc0944477307f8903095e02352555144 | 123f65eaf0f6719b01d66f4a47cd03d5134b66fbd92ae96d7387b67454b98476 | 269d051b9c081202229545af6363e9b367fb2f0b3d8ff50843aff14dc22509fd | 2026-07-04 | official |
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29 U.S.C. § 1431 - Assistance by corporation
Text
(a) Authority; procedure applicable; amount If, upon receipt of an application for financial assistance under section 1426(f) of this title or section 1441(d) of this title, the corporation verifies that the plan is or will be insolvent and unable to pay basic benefits when due, the corporation shall provide the plan financial assistance in an amount sufficient to enable the plan to pay basic benefits under the plan.
(b) Conditions; repayment terms (1) Financial assistance shall be provided under such conditions as the corporation determines are equitable and are appropriate to prevent unreasonable loss to the corporation with respect to the plan.
(2) A plan which has received financial assistance shall repay the amount of such assistance to the corporation on reasonable terms consistent with regulations prescribed by the corporation.
(c) Assistance pending final determination of application Pending determination of the amount described in subsection (a), the corporation may provide financial assistance in such amounts as it considers appropriate in order to avoid undue hardship to plan participants and beneficiaries.
(Pub. L. 93–406, title IV, § 4261, as added Pub. L. 96–364, title I, § 104(2), Sept. 26, 1980, 94 Stat. 1261.)
Notes
Editorial Notes
Effective DatePart effective Sept. 26, 1980, except as specifically provided, see section 1461(e) of this title.