United States Code (Last Updated: May 24, 2014) |
Title 11. BANKRUPTCY |
Chapter 7. LIQUIDATION |
SubChapter III. STOCKBROKER LIQUIDATION |
§ 750. Distribution of securities
Latest version.
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The trustee may not distribute a security except under section 751 of this title.
Historical And Revision
Miscellaneous
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.