Page:United States Statutes at Large Volume 119.djvu/164

 119 STAT. 146

PUBLIC LAW 109–8—APR. 20, 2005 in’’ and inserting ‘‘Except with respect to a case under chapter 15 of title 11, nothing in’’. (3) DUTIES OF TRUSTEES.—Section 586(a)(3) of title 28, United States Code, is amended by striking ‘‘or 13’’ and inserting ‘‘13, or 15’’. (4) VENUE OF CASES ANCILLARY TO FOREIGN PROCEEDINGS.— Section 1410 of title 28, United States Code, is amended to read as follows:

‘‘§ 1410. Venue of cases ancillary to foreign proceedings ‘‘A case under chapter 15 of title 11 may be commenced in the district court of the United States for the district— ‘‘(1) in which the debtor has its principal place of business or principal assets in the United States; ‘‘(2) if the debtor does not have a place of business or assets in the United States, in which there is pending against the debtor an action or proceeding in a Federal or State court; or ‘‘(3) in a case other than those specified in paragraph (1) or (2), in which venue will be consistent with the interests of justice and the convenience of the parties, having regard to the relief sought by the foreign representative.’’. (d) OTHER SECTIONS OF TITLE 11.—Title 11 of the United States Code is amended— (1) in section 109(b), by striking paragraph (3) and inserting the following: ‘‘(3)(A) a foreign insurance company, engaged in such business in the United States; or ‘‘(B) a foreign bank, savings bank, cooperative bank, savings and loan association, building and loan association, or credit union, that has a branch or agency (as defined in section 1(b) of the International Banking Act of 1978 in the United States.’’; (2) in section 303, by striking subsection (k); (3) by striking section 304; (4) in the table of sections for chapter 3 by striking the item relating to section 304; (5) in section 306 by striking ‘‘, 304,’’ each place it appears; (6) in section 305(a) by striking paragraph (2) and inserting the following: ‘‘(2)(A) a petition under section 1515 for recognition of a foreign proceeding has been granted; and ‘‘(B) the purposes of chapter 15 of this title would be best served by such dismissal or suspension.’’; and (7) in section 508— (A) by striking subsection (a); and (B) in subsection (b), by striking ‘‘(b)’’.

TITLE IX—FINANCIAL CONTRACT PROVISIONS SEC. 901. TREATMENT OF CERTAIN AGREEMENTS BY CONSERVATORS OR RECEIVERS OF INSURED DEPOSITORY INSTITUTIONS.

(a) DEFINITION OF QUALIFIED FINANCIAL CONTRACT.—

VerDate 14-DEC-2004

08:19 Oct 26, 2006

Jkt 039194

PO 00001

Frm 00144

Fmt 6580

Sfmt 6581

E:\PUBLAW\PUBL001.119

APPS06

PsN: PUBL001

�