29 U.S.C. § 1347 : US Code - Section 1347: Restoration of plans

Search 29 U.S.C. § 1347 : US Code - Section 1347: Restoration of plans

Whenever the corporation determines that a plan which is to be
terminated under section 1341 or 1342 of this title, or which is in
the process of being terminated under section 1341 or 1342 of this
title, should not be terminated under section 1341 or 1342 of this
title as a result of such circumstances as the corporation
determines to be relevant, the corporation is authorized to cease
any activities undertaken to terminate the plan, and to take
whatever action is necessary and within its power to restore the
plan to its status prior to the determination that the plan was to
be terminated under section 1341 or 1342 of this title. In the case
of a plan which has been terminated under section 1341 or 1342 of
this title the corporation is authorized in any such case in which
the corporation determines such action to be appropriate and
consistent with its duties under this subchapter, to take such
action as may be necessary to restore the plan to its
pretermination status, including, but not limited to, the transfer
to the employer or a plan administrator of control of part or all
of the remaining assets and liabilities of the plan.