JD Supra

Second Circuit: Bankruptcy Code's Lease Assumption and Assignment Provisions Apply Only to "True Leases"

A bankruptcy trustee or DIP generally has the right to "assume" (reaffirm) or "reject" (disavow, resulting in breach) unexpired leases under section 365(a) of the Bankruptcy Code. 11 U.S.C. § 365(a).
JD Supra

Second Circuit Rules Bankruptcy Code’s “Safe Harbor” Provision Preempts State Law Fraudulent Transfer Claims

On September 19, 2024, the US Court of Appeals for the Second Circuit issued a summary order in which it held that the “safe harbor” provision of Section 546(e) of the Bankruptcy Code preempted a ...
Electrical Construction & Maintenance

Stumped by the Code? Motor Control Circuit Overcurrent Protection

All questions and answers are based on the 2011 NEC. Q. What is the Code rule for motor control circuit overcurrent protection? A. Motor control conductors that aren’t tapped from the branch circuit ...
Electrical Construction & Maintenance

Code Quiz: Circuit Breaker Requirements in the NEC

Circuit breakers operating at over 1kV, equipped with stored energy mechanisms, shall be designed to prevent the _____ of the stored energy unless the mechanism has been _____ charged. Section 490 of ...