Page:United States Statutes at Large Volume 52.djvu/969

 928 PUBLIC LAWS-CH. 575-JUNE 22, 1938 [52 STAT. modification or alteration, or to the prejudice of any innocent person who, for value, subsequent to the confirmation, acquired rights in reliance upon it. General provisions. "ARTICLE XIV-GENERAL PROVISIONS Suspension of run- "SEC. 516. All statutes of limitation affecting claims provable ning of statutes of limitation, etc. under this chapter and the running of all periods of time pre- scribed by this Act in respect to the commission of acts of bank- ruptcy, the recovery of preferences, and the avoidance of liens and transfers shall be suspended while a proceeding under this chapter is pending and until it is finally dismissed. Creditors of debtor "SEc. 517. Nothing contained in this chapter shall be deemed to under mortgage under National Housing affect or apply to the creditors of any debtor under a mortgage 8'stat. 1246 . insured pursuant to the National Housing Act and Acts amendatory 12U.s.c. p 1701- thereof and supplementary thereto; nor shall its provisions be deemed 1732; Supp. III, ch. 13. Ante, p.8s. to allow extension or impairment of any secured obligation held by Other secured obli- Home Owners' Loan Corporation or by any Federal Home Loan Bank or member thereof. 48 sta t .77 e. "SEC. 518. a. The provisions of section 5 of the Securities Act of 1933 shall not apply to- Certain securities "(1) any security issued by a trustee or debtor in possession pur- Ante, p. 920. suant to section 446 of this Act; or Certain security "(2) any transaction in any security issued pursuant to an transactions exempt- ed. arrangement in exchange for securities of or claims against the debtor or partly in such exchange and partly for cash and/or prop- erty, or issued upon exercise of any right to subscribe or conversion privilege so issued, except (a) transactions by an issuer or an under- writer in connection with a distribution otherwise than pursuant to the arrangement, and (b) transactions by a dealer as to securities constituting the whole or a part of an unsold allotment to or sub- scription by such dealer as a participant in a distribution of such securities by the issuer or by or through an underwriter otherwise than pursuant to the arrangement. Terms defined. "b. As used in this section, the terms 'security', 'issuer', 'under- writer', and 'dealer' shall have the meanings provided in section 2 of 415US.7C 77b. the Securities Act of 1933, and the term 'Securities Act of 1933' shall be deemed to refer to such Act as heretofore or hereafter amended. Transmittal of cer- "SEC. 519. The clerk and, in the case of a reference, the referee tain papers to Secre- tary of the Treasury. after such reference, shall forthwith transmit to the Secretary of the Treasury copies of- Ante,p.8. "(1) all petitions filed under sections 421 and 422 of this Act; "(2) all notices given in a proceeding under this chapter; "(3) all orders dismissing proceedings or directing that bank- ruptcy be proceeded with, discharging debtors, closing estates and setting aside confirmations; "(4 all orders appointing trustees or continuing debtors in possession; "(5) all orders determining the time within which claims of creditors may be filed and allowed and the division of creditors into classes; "(6) all orders confirming arrangements, together with copies of such arrangements; "(7) all orders approving alterations or modifications in arrange- ments, together with copies of such alterations or modifications; "(8) all applications for allowances for compensation and expenses, and the orders making or refusing to make such allowances; and "(9) such other papers filed in the proceedings as the Secretary of the Treasury may request or which the court may direct to be transmitted to him.

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