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11 U.S.C. 555: Contractual right to liquidate, terminate, or accelerate a securities contract

Created in 1982 by Public Law 97-222. Changed by 3 later laws. No bill we track in this Congress changes it.

This Congress

No bill we track in the 119th Congress changes this section.

    How it got here

    2005

    • Pub. L. 109–8, §907(g)(1), substituted "Contractual right to liquidate, terminate, or accelerate a securities contract" for "Contractual right to liquidate a securities contract" in section catchline. (Bankruptcy Abuse Prevention and Consumer Protection Act of 2005) Law text
    • Pub. L. 109–8, §907(g)(2), (o)(7), in first sentence, inserted "financial participant," after "financial institution," and substituted "liquidation, termination, or acceleration" for "liquidation", and substituted second sentence for former second sentence which read as follows: "As used in this se… (Bankruptcy Abuse Prevention and Consumer Protection Act of 2005) Law text

    1994

    • Pub. L. 103–394 substituted "section 741 of this title" for "section 741(7)" and struck out "(15 U.S.C. 78aaa et seq.)" after "Act of 1970".

    1984

    • Pub. L. 98–353 inserted ", financial institution," after "stockbroker".

    Text, outline and history from the official U.S. Code (2024 edition) on GovInfo, published by the Office of the Law Revision Counsel. Changes made after that edition appear under This Congress.