Legal Opinion
Puerto Rico v. Franklin California Tax-Free Trust
Supreme Court of the United States
Decided June 13, 2016No. 15-233, 15-255PublishedCited by 203 opinions
1Opinion of the CourtJustice Thomas
The Federal Bankruptcy Code preempts state bankruptcy laws that enable insolvent municipalities to restructure their debts over the objections of creditors and instead requires municipalities to restructure such debts under Chapter 9 of the Code. 11 U.S.C. § 903(1). We must decide whether Puerto Rico is a “State” for purposes of this pre-emption provision. We hold that it is.
The Bankruptcy Code has long included Puerto Rico as a “State,” but in 1984 Congress amended the definition of “State” to exclude Puerto Rico “for the purpose of defining who may be a debtor under chapter 9.” Bankruptcy…
2Cases cited17 opinions
- United States v. Ron Pair Enterprises, Inc.Supreme Court of the United States · 1989
- Whitman v. American Trucking Assns., Inc.Supreme Court of the United States · 2001
- Dodd v. United StatesSupreme Court of the United States · 2005
- Toibb v. RadloffSupreme Court of the United States · 1991
- Chamber of Commerce of United States of America v. WhitingSupreme Court of the United States · 2011
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3Cited by203 opinions
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- Air Evac EMS, Inc. v. Ted CheathamCourt of Appeals for the Fourth Circuit · 2018
- Alejandro Lupian v. Joseph Cory Holdings LLCCourt of Appeals for the Third Circuit · 2018
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