(a) IN GENERAL. After confirmation and when any stay under Rule 3020(e) expires, payments under the plan must be distributed to:
• creditors whose claims have been allowed;
• interest holders whose interests have not been disallowed; and
• indenture trustees whose claims under Rule 3003(c)(5) have been allowed.
(b) DEFINITION OF ‘‘CREDITORS’’ AND ‘‘INTEREST HOLDERS.’’ In this Rule 3021:
(1) ‘‘creditors’’ include record holders of bonds, debentures, notes, and other debt securities as of the initial distribution date, unless the plan or confirmation order states a different date; and
(2) ‘‘interest holders’’ include record holders of stock and other equity securities as of the initial distribution date, unless the plan or confirmation order states a different date.
(As amended Apr. 11, 1997, eff. Dec. 1, 1997; Apr. 26, 1999, eff. Dec. 1, 1999; Apr. 2, 2024, eff. Dec. 1, 2024.)