12 U.S.C. § 4405 — Preemption
submitted 35 years ago by Pub. L. 102-242 to r/title-12-BANKS-AND-BANKING · 41 words · no verdicts yet
This section addresses Preemption. It states the definitions, duties, powers, limits, procedures, or other rules set out in the section.
No stay, injunction, avoidance, moratorium, or similar proceeding or order, whether issued or granted by a court, administrative agency, or otherwise, must limit or delay application of otherwise enforceable netting contracts under sections 4403 and 4404 of this title.
No stay, injunction, avoidance, moratorium, or similar proceeding or order, whether issued or granted by a court, administrative agency, or otherwise, shall limit or delay application of otherwise enforceable netting contracts in accordance with sections 4403 and 4404 of this title.
Source credit: (Pub. L. 102–242, title IV, § 405, Dec. 19, 1991, 105 Stat. 2375.)
- 1991Enacted · Pub. L. 102-242 · 105 Stat. 2375
A history note hasn’t been published yet. The record shows enactment by Pub. L. 102-242 on 1991-12-19.
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