FEDERAL · 11 U.S.C. · Chapter 7

Distribution of securities

Current through Pub. L. 119-102
Title 11Bankruptcy·Ch. 7 — LIQUIDATION·Subch. III
The trustee may not distribute a security except under section 751 of this title.

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11 U.S.C. § 750 (Distribution of securities) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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History

(Pub. L. 95–598, Nov. 6, 1978, 92 Stat. 2614.)

Editorial 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.