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Bankruptcy Act of 1898

June 1936 amendment of the Bankruptcy Act of 1898 (ch. 512)


Act of June 5, 1936, ch. 512, 49 Stat. 1475

An Act To amend the Act entitled “An Act to establish a uniform system of bankruptcy throughout the United States”, approved July 1, 1898, as amended and supplemented

Seventy-Fourth Congress, Session II · Approved June 5, 1936

Adds a proviso to clause (6½) of section 63a, the provision added in June 1934 making certain contingent and unliquidated claims provable, so that the clause applies to estates that were pending on June 7, 1934, and are still in process of settlement. Section 2 allows such claims to be proved within sixty days after enactment notwithstanding the time limit of section 57n.

This is an unofficial transcription, prepared by Robert J. Pfister for ease of reading and copying. The authoritative text is the United States Statutes at Large.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That clause (6½) of subsection (a) of section 63 of the Act entitled “An Act to establish a uniform system of bankruptcy throughout the United States”, approved July 1, 1898, as amended and supplemented, is amended by inserting immediately after the words “whether voluntary or involuntary” a colon and the following: “Provided, That the provisions of this clause (6½) shall apply to estates that were pending on June 7, 1934, and are in process of settlement.”

Sec. 2. Notwithstanding the provisions of subsection (n) of section 57 of such Act of July 1, 1898, as amended and supplemented, claims covered by the amendatory proviso of section 1 of this Act may be proved against the estate of the bankrupt at any time within sixty days after the date of enactment of this Act.

Approved, June 5, 1936.