1. Regulations
  2. title 48
  3. chapter 1
  4. part 42
  5. subpart 42.9
  6. § 42.900

View all text of Subpart 42.9 [42.900 - 42.903]

42.900 - 42.900 Scope of subpart.

This subpart prescribes policies and procedures regarding actions to be taken when a contractor enters into proceedings relating to bankruptcy. It establishes a requirement for the contractor to notify the contracting officer upon filing a petition for bankruptcy. It further establishes minimum requirements for agencies to follow in the event of a contractor bankruptcy.

AUTHORITY: 40 U.S.C. 121(c); 10 U.S.C. chapter 4 and 10 U.S.C. chapter 137 legacy provisions (see 10 U.S.C. 3016); and 51 U.S.C. 20113.

SOURCE: 48 FR 42370, Sept. 19, 1983, unless otherwise noted.

CITE AS: 48 CFR 42.900