Bankruptcy Act of 1898
The Bankruptcy Act of 1898 ("Nelson Act", July 1, 1898, ch. 541, 30 Stat. 544) was the first United States Act of Congress involving Bankruptcy that gave companies an option of being protected from creditors. Previous attempts at federal bankruptcy laws had lasted at most a few years. Its popular name is a homage to the role of Senator Nelson in its composition. It was significantly amended by the Bankruptcy Act of 1938. It was superseded by the Bankruptcy Act of 1978.
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Bankruptcy Act of 1898
The Bankruptcy Act of 1898 ("Nelson Act", July 1, 1898, ch. 541, 30 Stat. 544) was the first United States Act of Congress involving Bankruptcy that gave companies an option of being protected from creditors. Previous attempts at federal bankruptcy laws had lasted at most a few years. Its popular name is a homage to the role of Senator Nelson in its composition. It was significantly amended by the Bankruptcy Act of 1938. It was superseded by the Bankruptcy Act of 1978.
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The Bankruptcy Act of 1898 ("N ...... by the Bankruptcy Act of 1978.
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732,327,873
cite public law
conferencedate
1898-06-24
effective date
1898-07-01
enacted by
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longtitle
An Act to establish a uniform system of bankruptcy throughout the United States.
othershorttitles
National Bankruptcy Act of 1898
Nelson Bankruptcy Act of 1898
passedbody
passeddate
1898-02-19
1898-06-24
1898-06-28
passedvote
public law url
shorttitle
Bankruptcy Act of 1898
signeddate
1898-07-01
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The Bankruptcy Act of 1898 ("N ...... by the Bankruptcy Act of 1978.
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Bankruptcy Act of 1898
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