Title 11 — Bankruptcy
Chapter 7 — Liquidation
§ 750. Distribution of securities
Statutory text
The trustee may not distribute a security except under section 751 of this title.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Pub. L. 95–598 · 92 Stat. 2549
Enacted · 11 U.S.C. § 750
(Pub. L. 95–598, Nov. 6, 1978, 92 Stat. 2614.)
Source evidence
Code source credit
(Pub. L. 95–598, Nov. 6, 1978, 92 Stat. 2614.)
0 of 1 references resolved to an enrolled provision · 1 partial
Notes
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.
Credits
(Pub. L. 95–598, , 92 Stat. 2614.)