Page:United States Statutes at Large Volume 98 Part 1.djvu/428

 98 STAT. 380

PUBLIC LAW 98-353—JULY 10, 1984 "(D) payment of any debt secured by a lien on such property that is superior or equal to the rights of the trustee; and"; and (4) in paragraph (2), by redesignating subparagraph (F) as subparagraph (E). (c) Section 550(e)(1) of title 11 of the United States Code is amended by striking out "and" and inserting in lieu thereof "or". SEC. 466. Section 552(b) of title 11 of the United States Code is amended by— (1) inserting "522," after "506(c),"; (2) striking out "a secured party enter" and inserting in lieu thereof "an entity entered"; and (3) striking out "except to the extent" and inserting in lieu thereof "except to any extent". SEC. 467. Section 5530b)(l) of title 11 of the United States Code is amended by striking out "or 365(h)(1)" and inserting in lieu thereof ", 365(h)(2), or 365(i)(2)". SEC. 468. (a) Subsections (a) and (b) of section 554 of title 11 of the United States Code are each amended by inserting "and benefit" after "value". (b) Section 554(c) of title 11 of the United States Code is amended to read as follows: "(c) Unless the court orders otherwise, any property scheduled under section 521(a)(1) of this title not otherwise administered at the time of the closing of a case is abandoned to the debtor and administered for purposes of section 350 of this title.". (c) Section 554(d) of title 11 of the United States Code is amended by striking out "section (a) or Ob) of'. SEC. 469. Section 555 of title 11 of the United States Code is amended by inserting ", financial institution," after "stockbroker". SEC. 470. (a) Chapter 5 of title 11 of the United States Code as amended by section 352 is amended by adding at the end thereof the following new section:

11 USC 558.

"§ 558. Defenses of the estate "The estate shall have the benefit of any defense available to the debtor as against any entity other than the estate, including statutes of limitation, statutes of frauds, usury, and other personal defenses. A waiver of any such defense by the debtor after the commencement of the case does not bind the estate.". (b) The table of sections for chapter 5 of title 11 of the United States Code is amended by adding at the end thereof the following new item: "558. Defenses of the estate.".

SEC. 471. The table of sections for chapter 7 of title 11 of the United States Code is amended by striking out "Succesor" in the item relating to section 703 and inserting in lieu thereof "Successor'. SEC. 472. (a) Section 7020)) of title 11 of the United States Code is amended by inserting "held" after "meeting of creditors". (b) Section 702(c) of title 11 of the United States Code is amended— (1) in paragraph (1), by inserting "of a kind" after "claims"; and (2) in paragraph (2), by inserting "a" after "for". (c) Section 702(d) of title 11 of the United States Code is amended by striking out "subsection (c) of.

�