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11 U.S.C. § 742 — Effect of section 362 of this title in this subchapter

submitted 48 years ago by Pub. L. 95-598 to r/title-11-BANKRUPTCY · 60 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section explains how section 362 of title 11 applies in this subchapter. It states the effect and limits of that rule.

even if section 362 of this title , SIPC may file an application for a protective decree under the Securities Investor Protection Act of 1970. The filing of such application stays all proceedings in the case under this title unless and until such application is dismissed. If SIPC completes the liquidation of the debtor, then the court must dismiss the case.
the actual law source: uscode.house.gov ↗public domain

Notwithstanding section 362 of this title, SIPC may file an application for a protective decree under the Securities Investor Protection Act of 1970. The filing of such application stays all proceedings in the case under this title unless and until such application is dismissed. If SIPC completes the liquidation of the debtor, then the court shall dismiss the case.

Source credit: (Pub. L. 95–598, Nov. 6, 1978, 92 Stat. 2613; Pub. L. 97–222, § 9, July 27, 1982, 96 Stat. 237; Pub. L. 103–394, title V, § 501(d)(26), Oct. 22, 1994, 108 Stat. 4146.)

history & why it existsrecord from the source credit
  • 1978Enacted · Pub. L. 95-598 · 92 Stat. 2613
  • 1982Amended · Pub. L. 97-222 · 96 Stat. 237
  • 1994Amended · Pub. L. 103-394 · 108 Stat. 4146

A history note hasn’t been published yet. The record shows enactment by Pub. L. 95-598 on 1978-11-06.

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