United States Code (Last Updated: May 24, 2014) |
Title 12. BANKS AND BANKING |
Chapter 45. PAYMENT SYSTEM RISK REDUCTION |
SubChapter I. BILATERAL AND CLEARING ORGANIZATION NETTING |
§ 4405. Preemption
Latest version.
-
No stay, injunction, avoidance, moratorium, or similar proceeding or order, whether issued or granted by a court, administrative agency, or otherwise, shall limit or delay application of otherwise enforceable netting contracts in accordance with sections 4403 and 4404 of this title.