11 USC 763 - Treatment of accounts
Legal Research Home >
US Code > Bankruptcy > 11 USC 763 - Treatment of accounts
Sec. 763. Treatment of accounts
(a) Accounts held by the debtor for a particular customer in separate capacities shall be treated as accounts of separate customers.
(b) 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.
(c) The net equity in a customer’s account may not be offset against the net equity in the account of any other customer.
Sections: 749 750 751 752 753 761 762 763 764 765 766 767 781 782 783
Last modified: July 21, 2011
|
