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1st Circuit: Franklin CA Tax-Free Trust v. Commonwealth of Puerto Rico

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Citation: 
First Circuit #15-1218, 1221, 1271 & 1272
Ruling: 
Affirms District Court's holding that §903 of the Bankruptcy Code pre-empts Puerto Rico's recently enacted "Recovery Act", relating to municipal bankruptcy. One judge concurred, but would find that §903 is unconstitutional as violating the bankruptcy code's "uniformity" requirement since ...
Judge(s): 
Lynch (author), Howard, and Toruella (concurring in the judgment but would hold that exclusion of Puerto Rico is unconstitutional).

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