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11 U.S.C. § 1129(b)(2)(B)(ii)

11 U.S.C. § 1129(b)(2)(B)(ii)

Definition

A provision of the United States Bankruptcy Code, also known as the absolute-priority rule, that allows for “cramdown” confirmation of a reorganization plan over the objection of an impaired creditor class only if no junior claim holder receives or retains property on account of the holder’s junior claim.

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