|
|
|
U.S. Code as of:
01/19/04
Section 545. Statutory liens
The trustee may avoid the fixing of a statutory lien on property
of the debtor to the extent that such lien -
(1) first becomes effective against the debtor -
(A) when a case under this title concerning the debtor is
commenced;
(B) when an insolvency proceeding other than under this title
concerning the debtor is commenced;
(C) when a custodian is appointed or authorized to take or
takes possession;
(D) when the debtor becomes insolvent;
(E) when the debtor's financial condition fails to meet a
specified standard; or
(F) at the time of an execution against property of the
debtor levied at the instance of an entity other than the
holder of such statutory lien;
(2) is not perfected or enforceable at the time of the
commencement of the case against a bona fide purchaser that
purchases such property at the time of the commencement of the
case, whether or not such a purchaser exists;
(3) is for rent; or
(4) is a lien of distress for rent.
|
|