12 U.S.C. § 4406 — Relationship to other payments systems
submitted 35 years ago by Pub. L. 102-242 to r/title-12-BANKS-AND-BANKING · 31 words · no verdicts yet
This section addresses Relationship to other payments systems. It states the definitions, duties, powers, limits, procedures, or other rules set out in the section.
This chapter must have no effect by implication or otherwise on the validity or legal enforceability of a netting arrangement of any payment* system which is not subject to this chapter.
This chapter shall have no effect by implication or otherwise on the validity or legal enforceability of a netting arrangement of any payment* system which is not subject to this chapter.
Source credit: (Pub. L. 102–242, title IV, § 406, 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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