Alhambra Bankruptcy Attorney, Bankruptcy Lawyer, Bankruptcy Code 11 USC Section 1203

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

-HEAD-
    Sec. 1203. Rights and powers of debtor

-STATUTE-
      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 debtor's farm or
    commercial fishing operation.

-SOURCE-
    (Added and amended Pub. L. 99-554, title II, Sec. 255, title III,
    Sec. 302(f), Oct. 27, 1986, 100 Stat. 3107, 3124; Pub. L. 105-277,
    div. C, title I, Sec. 149(a), Oct. 21, 1998, 112 Stat. 2681-610;
    Pub. L. 106-5, Sec. 1(1), (2), Mar. 30, 1999, 113 Stat. 9; Pub. L.
    106-70, Sec. 1, Oct. 9, 1999, 113 Stat. 1031; Pub. L. 107-8, Sec.
    1, May 11, 2001, 115 Stat. 10; Pub. L. 107-17, Sec. 1, June 26,
    2001, 115 Stat. 151; Pub. L. 107-170, Sec. 1, May 7, 2002, 116
    Stat. 133; Pub. L. 107-171, title X, Sec. 10814(a), May 13, 2002,
    116 Stat. 532; Pub. L. 107-377, Sec. 2(a), Dec. 19, 2002, 116 Stat.
    3115; Pub. L. 108-73, Sec. 2(a), Aug. 15, 2003, 117 Stat. 891; Pub.
    L. 108-369, Sec. 2(a), Oct. 25, 2004, 118 Stat. 1749; Pub. L. 109-
    8, title X, Secs. 1001(a)(1), 1007(c)(2), Apr. 20, 2005, 119 Stat.
    185, 188.)

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


                                AMENDMENTS                            
      2005 - Pub. L. 109-8, Sec. 1007(c)(2), inserted "or commercial
    fishing operation" after "farm".

                     EFFECTIVE DATE OF 2005 AMENDMENT                 
      Amendment by section 1007(c)(2) of Pub. L. 109-8 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. 109-8, set out as a
    note under section 101 of this title.

-End-
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