1 article
A right of retention under the provisions of the Commercial Code or the Companies Act that exists at the time of commencement of bankruptcy proceedings over property that belongs to the bankruptcy estate is deemed to be a special statutory lien against the bankruptcy estate.
The special statutory lien stated in the preceding paragraph is subordinate to any other special statutory lien under the provisions of the Civil Code or any other Acts.
Except for the one prescribed in paragraph (1), a right of retention that exists at the time of commencement of bankruptcy proceedings over property that belongs to the bankruptcy estate ceases to be effective against the bankruptcy estate.
Read this with the articles around it
This names a provision as it read when this amending Act was made. It may have been amended since, so today's text can say something else. That is why it is not a link.This names a law that is not in this collection, so there is nothing here to open.We could not tell which provision this names, so it is not a link.