SECTION 905 Clause Samples

SECTION 905 typically refers to a provision within a larger legal or regulatory framework, such as a statute or contract, that outlines specific requirements, procedures, or rights related to a particular subject matter. For example, in the context of U.S. bankruptcy law, Section 905 addresses the powers of a municipality to levy taxes and fulfill obligations during bankruptcy proceedings. This clause operates by delineating the scope of authority or responsibility for the parties involved, ensuring that certain actions are permitted or restricted under defined circumstances. Its core practical function is to provide clear guidance on the application of the law or agreement in specific situations, thereby reducing ambiguity and helping parties understand their rights and obligations.