If a plan requires presentment or surrender of a security or the performance of any other act as a condition to participation in distribution under the plan, such action shall be taken not later than five (5) years after the date of the entry of the confirmation order or as otherwise provided under the plan. Any entity that has not within such time presented or surrendered such entity’s security or taken any such other action that the plan requires may not participate in any distribution under the plan.
History —June 28, 2014, No. 71, § 336.