29 USC 1431 - Assistance by corporation

U.S Code last checked for updates: May 08, 2024

§ 1431.

Assistance by corporation

(a)

Authority; procedure applicable; amount

(b)

Conditions; repayment terms

(1)

Financial assistance shall be provided under such conditions as the corporation determines are equitable and are appropriate to prevent unreasonable loss to the corporation with respect to the plan.

(2)

A plan which has received financial assistance shall repay the amount of such assistance to the corporation on reasonable terms consistent with regulations prescribed by the corporation.

(c)

Assistance pending final determination of application

(Pub. L. 93–406, title IV, § 4261, as added Pub. L. 96–364, title I, § 104(2), Sept. 26, 1980, 94 Stat. 1261.)

cite as: 29 USC 1431