11 U.S.C. § 763 — Treatment of accounts
submitted 48 years ago by Pub. L. 95-598 to r/title-11-BANKRUPTCY · 69 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
Accounts held by the debtor* for a particular customer in separate capacities shall be treated as accounts of separate customers.
A member of a clearing organization shall be deemed to hold such member’s proprietary account in a separate capacity from such member’s customers’ account.
The net equity in a customer’s account may not be offset against the net equity in the account of any other customer.
Source credit: (Pub. L. 95–598, Nov. 6, 1978, 92 Stat. 2618; Pub. L. 98–353, title III, § 486, July 10, 1984, 98 Stat. 383.)
- 1978Enacted · Pub. L. 95-598 · 92 Stat. 2618
- 1984Amended · Pub. L. 98-353 · 98 Stat. 383
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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