Source: https://www.govregs.com/uscode/11/364
Timestamp: 2020-04-05 13:45:34
Document Index: 35988517

Matched Legal Cases: ['§\u202f363', '§\u202f365', '§\u202f364', '§\u202f257', '§\u202f501', '§\u202f4']

All TitlesTitle 11Chapter 3Subchapter IV
§ 363. Use, sale, or lease of property
§ 365. Executory contracts and unexpired leases
§ 364.
If the trustee is authorized to operate the business of the debtor under section 721, 1108, 1183, 1184, 1203, 1204, or 1304 of this title, unless the court orders otherwise, the trustee may obtain unsecured credit and incur unsecured debt in the ordinary course of business allowable under section 503(b)(1) of this title as an administrative expense.
If the trustee is unable to obtain unsecured credit allowable under section 503(b)(1) of this title as an administrative expense, the court, after notice and a hearing, may authorize the obtaining of credit or the incurring of debt—
with priority over any or all administrative expenses of the kind specified in section 503(b) or 507(b) of this title;
Except with respect to an entity that is an underwriter as defined in section 1145(b) of this title, section 5 of the Securities Act of 1933, the Trust Indenture Act of 1939, and any State or local law requiring registration for offer or sale of a security or registration or licensing of an issuer of, underwriter of, or broker or dealer in, a security does not apply to the offer or sale under this section of a security that is not an equity security.
(Pub. L. 95–598, Nov. 6, 1978, 92 Stat. 2574; Pub. L. 99–554, title II, § 257(l), Oct. 27, 1986, 100 Stat. 3115; Pub. L. 103–394, title V, § 501(d)(9), Oct. 22, 1994, 108 Stat. 4144; Pub. L. 116–54, § 4(a)(7), Aug. 23, 2019, 133 Stat. 1086.)
cite as: 11 USC 364