Sierra Madre Bankruptcy Attorney, Bankruptcy Lawyer, Bankruptcy Code 11 USC Section 753

TITLE 11 - BANKRUPTCY
CHAPTER 7 - LIQUIDATION
    SUBCHAPTER III - STOCKBROKER LIQUIDATION

-HEAD-
    Sec. 753. Stockbroker liquidation and forward contract merchants,
      commodity brokers, stockbrokers, financial institutions,
      financial participants, securities clearing agencies, swap
      participants, repo participants, and master netting agreement
      participants

-STATUTE-
      Notwithstanding any other provision of this title, the exercise
    of rights by a forward contract merchant, commodity broker,
    stockbroker, financial institution, financial participant,
    securities clearing agency, swap participant, repo participant, or
    master netting agreement participant under this title shall not
    affect the priority of any unsecured claim it may have after the
    exercise of such rights.

-SOURCE-
    (Added Pub. L. 109-8, title IX, Sec. 907(m), Apr. 20, 2005, 119
    Stat. 181.)


                              EFFECTIVE DATE                          
      Section effective 180 days after Apr. 20, 2005, and not
    applicable with respect to cases commenced under this title before
    such effective date, except as otherwise provided, see section 1501
    of Pub. L. 109-8, set out as an Effective Date of 2005 Amendment
    note under section 101 of this title.

-End-
Professional Membership
