The Committee's decision to increase the time period to 20 days was proposed to conform bankruptcy law practices to most State's practices. I would like to clarify just one point with the Senator from Tennessee, however. That is that while the date of perfection is determined by State law, including these ``relation back'' statutes, they do not affect the time of transfer pursuant to section 547.
Howell Heflin: “The Committee's decision to increase the time period to 20 days was proposed to conform bankruptcy law practices to most…”
Editor's note · Context
Discussing changes to bankruptcy law practices during a committee meeting.
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