In re Bank of America, N.A, 11-24503 MER, 2011 WL 2493056 (Bankr. D. Colo. June 21, 2011):
Since there is no allegation Bank of America is a railroad … the Court accepts Bank of America's representation that it is a “bank” for purposes of § 109(b)(2).
Comments
2 responses to “Quote of the Day”
Doesn’t an involuntary petition not dismissed in a limited number of days trigger an event of default on ISDA swaps documentation?
Not an issue here — petition filed on the 17th, BofA moved to dismiss on the 19th, court dismissed on the 21st.