dlaycock at MAIL.LAW.UTEXAS.EDU
Fri Jun 19 16:16:49 PDT 1998
The President today signed the Religious Liberty and Charitable
Contribution Protection Act, which amends the Bankruptcy Code to clarify
that charitable contributions are not fraudulent transfers unless made with
fraudulent intent. The bill applies to pending cases and it pre-empts state
court litigation once a bankruptcy petition has been filed. It protects any
organization that is tax exempt under sections 170(c)(1) or (c)(2) of the
Internal Revenue Code, without distinguishing religious and secular charities.
University of Texas Law School
727 E. Dean Keeton St.
Austin, TX 78705
dlaycock at mail.law.utexas.edu
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