11 U.S.C. · Bankruptcy
11 U.S.C. § 765

Customer instructions

Ch. 7 — LIQUIDATION
Title 11 U.S.C. ● ACTIVE Primary Source Ch. 7
Statutory Text

11 U.S.C. § 765 — Customer instructions

U.S.C. Title 11 - BANKRUPTCY 11 U.S.C. United States Code, 2023 Edition Title 11 - BANKRUPTCY CHAPTER 7 - LIQUIDATION SUBCHAPTER IV - COMMODITY BROKER LIQUIDATION Sec. 765 - Customer instructions From the U.S. Government Publishing Office, www.gpo.gov

§765. Customer instructions

(a) The notice required by section 342 of this title to customers shall instruct each customer— (1) to file a proof of such customer's claim promptly, and to specify in such claim any specifically identifiable security, property, or commodity contract; and (2) to instruct the trustee of such customer's desired disposition, including transfer under section 766 of this title or liquidation, of any commodity contract specifically identified to such customer.

(b) The trustee shall comply, to the extent practicable, with any instruction received from a customer regarding such customer's desired disposition of any commodity contract specifically identified to such customer. If the trustee has transferred, under section 766 of this title, such a commodity contract, the trustee shall transmit any such instruction to the commodity broker to whom such commodity contract was so transferred.

(Pub. L. 95–598, Nov. 6, 1978, 92 Stat. 2619; Pub. L. 97–222, §18, July 27, 1982, 96 Stat. 240; Pub. L. 98–353, title III, §488, July 10, 1984, 98 Stat. 383.)

Historical and Revision Notes For Historical and Revision Notes for this section, see Historical and Revision Notes set out under section 766 of this title.

Editorial Notes

Amendments 1984—Subsec. (a). Pub. L. 98–353 substituted "notice required by" for "notice under". 1982—Subsec. (b). Pub. L. 97–222 substituted "commodity contract" for "commitment".

Statutory Notes and Related Subsidiaries

Effective Date of 1984 Amendment Amendment by Pub. L. 98–353 effective with respect to cases filed 90 days after July 10, 1984, see section 552(a) of Pub. L. 98–353, set out as a note under section 101 of this title.

Source: uscode.house.gov — public domain Official Source ↗
Root-LD Entity Data
◈ Machine-Readable Provenance Record Root-LD v1.0 · boisestandard.org
Federation ID
BS-USC11-SEC-D35C47
Entity Class
STATUTE / FEDERAL-CODE-SECTION
Domain Signature
boisestandard.org
Citation
11 U.S.C. § 765
Jurisdiction
Federal — United States
Status
✓ ACTIVE
Source
PRIMARY-SOURCE
Source Verified
✓ TRUE
Content Hash
6a8de11ae198b5d8...
Semantic Edges
Pending — corpus passes queued
The statutory text of 11 U.S.C. § 765 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
Navigate Corpus — Title 11
◈ Provenance
boisestandard.org United States Law U.S. Code Title 11 11 U.S.C. § 765