11-U.S.C.-765

§765 – Customer Instructions

Pathway

Title 11 > Chapter 7 > Subchapter IV > Section 765

Details

• Reference: Section 765
• Legend: §765 – Customer Instructions
• USCode Year: 2013

Provision Content

(a) The notice required by section 342 of this title to customers shall instruct each customer—

(1) to file a proof of such customers claim promptly, and to specify in such claim any specifically identifiable security, property, or commodity contract; and

(2) to instruct the trustee of such customers desired disposition, including transfer under section 766 of this title or liquidation, of any commodity contract specifically identified to such customer.

(b) The trustee shall comply, to the extent practicable, with any instruction received from a customer regarding such customers desired disposition of any commodity contract specifically identified to such customer. If the trustee has transferred, under section 766 of this title, such a commodity contract, the trustee shall transmit any such instruction to the commodity broker to whom such commodity contract was so transferred.

(Pub. L. 95–598, Nov. 6, 1978, 92 Stat. 2619; Pub. L. 97–222, §18, July 27, 1982, 96 Stat. 240; Pub. L. 98–353, title III, §488, July 10, 1984, 98 Stat. 383.)

Historical and Revision Notes

For Historical and Revision Notes for this section, see Historical and Revision Notes set out under section 766 of this title.

Amendments

1984—Subsec. (a). Pub. L. 98–353 substituted notice required by for notice under.

1982—Subsec. (b). Pub. L. 97–222 substituted commodity contract for commitment.

Effective Date of 1984 Amendment

Amendment by Pub. L. 98–353 effective with respect to cases filed 90 days after July 10, 1984, see section 552(a) of Pub. L. 98–353, set out as a note under section 101 of this title.

U.S. Encyclopedia of Law Coverage

Subchapter III – Stockbroker Liquidation in the Legal Encyclopedia: Bankruptcy

In this entry about Subchapter III – Stockbroker Liquidation, find legal reference material, bibliographies and premiere content related to bankruptcy in the American Encyclopedia of Law, presenting a comprehensive view of the United States bankruptcy-specific issues, written by authorities in the field.

11-U.S.C.-741 in the Legal Encyclopedia: Liquidation

In this entry about 11-U.S.C.-741, find legal reference material, bibliographies and premiere content related to liquidation in the American Encyclopedia of Law, presenting a comprehensive view of the United States liquidation-specific issues, written by authorities in the field.

Topic Map

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