§ 1431. Assistance by corporation
(a)
Authority; procedure applicable; amount
If, upon receipt of an application for financial assistance under section
1426
(f) of this title or section
1441
(d) of this title, the corporation verifies that the plan is or will be insolvent and unable to pay basic benefits when due, the corporation shall provide the plan financial assistance in an amount sufficient to enable the plan to pay basic benefits under the plan.
(b)
Conditions; repayment terms
(c)
Assistance pending final determination of application
Pending determination of the amount described in subsection (a) of this section, the corporation may provide financial assistance in such amounts as it considers appropriate in order to avoid undue hardship to plan participants and beneficiaries.