11 U.S.C. § 750

U.S.C. Title 11 - BANKRUPTCY
11 U.S.C.

United States Code, 2024 Edition

Title 11 - BANKRUPTCY

CHAPTER 7 - LIQUIDATION

SUBCHAPTER III - STOCKBROKER LIQUIDATION

Sec. 750 - Distribution of securities

From the U.S. Government Publishing Office, www.gpo.gov

§750. Distribution of securities

The trustee may not distribute a security except under section 751 of this title.

(Pub. L. 95–598, Nov. 6, 1978, 92 Stat. 2614.)

Historical and Revision Notes
senate report no. 95–989
Section 750 forbids the trustee from distributing a security other than a customer name security. The term "distribution" refers to a distribution to customers in satisfaction of net equity claims and is not intended to preclude the trustee from liquidating securities under proposed 11 U.S.C. 748.

Official source