CHAPTER 11 REORGANIZATION
Sub Chapter III Postconfirmation Matters
Sec. 1142. Implementation of plan
(a) Notwithstanding any otherwise applicable nonbankruptcy law,
rule, or regulation relating to financial condition, the debtor and any
entity organized or to be organized for the purpose of carrying out the
plan shall carry out the plan and shall comply with any orders of the
(b) The court may direct the debtor and any other necessary party to
execute or deliver or to join in the execution or delivery of any
instrument required to effect a transfer of property dealt with by a
confirmed plan, and to perform any other act, including the satisfaction
of any lien, that is necessary for the consummation of the plan.
(Pub. L. 95-598, Nov. 6, 1978, 92 Stat. 2639; Pub. L. 98-353, title III,
Sec. 514(a), (c), (d), July 10, 1984, 98 Stat. 387.)
1984--Pub. L. 98-353, Sec. 514(a), substituted ``Implementation''
for ``Execution'' in section catchline.
Subsec. (a). Pub. L. 98-353, Sec. 514(c), struck out the comma after
``shall carry out the plan''.
Subsec. (b). Pub. L. 98-353, Sec. 514(d), inserted ``a'' after
Effective Date of 1984 Amendment
Amendment by Pub. L. 98-353 effective with respect to cases filed 90
days after July 10, 1984, see section 552(a) of Pub. L. 98-353, set out
as a note under section 101 of this title.
Section Referred to in Other Sections
This section is referred to in sections 106, 524, 901 of this title.