11 U.S.C. § 903

Title 11 Chapter 9 Current through PL 116-220 ~1 min read Last updated: March 30, 2026 View on OLRC →

Sections in this chapter

§ 901
§ 902
§ 903
§ 904
§ 921
§ 922
§ 923
§ 924
§ 925
§ 926
§ 927
§ 928
§ 929
§ 930
§ 941
§ 942
§ 943
§ 944
§ 945
§ 946

§ 903. Reservation of State power to control municipalities

This chapter does not limit or impair the power of a State to control, by legislation or otherwise, a municipality of or in such State in the exercise of the political or governmental powers of such municipality, including expenditures for such exercise, but—

(1) a State law prescribing a method of composition of indebtedness of such municipality may not bind any creditor that does not consent to such composition; and
(2) a judgment entered under such a law may not bind a creditor that does not consent to such composition.

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