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11 U.S.C. 556: Contractual right to liquidate, terminate, or accelerate a commodities contract or forward contract

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

1 part of federal rules cite it as their authority, written by Commodity Futures Trading Commission (1).

This Congress

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

    How it got here

    2005

    • Pub. L. 109–8, §907(o)(8), inserted ", financial participant," after "commodity broker" in first sentence. (Bankruptcy Abuse Prevention and Consumer Protection Act of 2005) Law text
    • Pub. L. 109–8, §907(h), substituted "Contractual right to liquidate, terminate, or accelerate a commodities contract or forward contract" for "Contractual right to liquidate a commodities contract or forward contract" in section catchline, "liquidation, termination, or acceleration" for "liquidatio… (Bankruptcy Abuse Prevention and Consumer Protection Act of 2005) Law text

    1994

    • Pub. L. 103–394 substituted "section 761 of this title" for "section 761(4)".

    1990

    • Pub. L. 101–311 inserted before period at end "and a right, whether or not evidenced in writing, arising under common law, under law merchant or by reason of normal business practice".

    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.