11 USC 750: Distribution of securities
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11 USC 750: Distribution of securities Text contains those laws in effect on November 25, 2024
From Title 11-BANKRUPTCYCHAPTER 7-LIQUIDATIONSUBCHAPTER III-STOCKBROKER LIQUIDATION
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§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.