The law › Title 11, Bankruptcy › Chapter 7
11 U.S.C. 766: Treatment of customer property
Created in 1978 by Public Law 95-598. Changed by 3 later laws. No bill we track in this Congress changes it.
3 other sections of the Code cite this one, including 7 U.S.C. 24, 11 U.S.C. 761, 11 U.S.C. 765.
- past change
- enacted this Congress
- proposed
This Congress
No bill we track in the 119th Congress changes this section.
How it got here
2005
- Pub. L. 109–8, §1502(a)(4)(A), substituted "507(a)(2)" for "507(a)(1)" in introductory provisions. (Bankruptcy Abuse Prevention and Consumer Protection Act of 2005) Law text · (h)
- Pub. L. 109–8, §1502(a)(4)(B), substituted "507(a)(2)" for "507(a)(1)" in pars. (1) and (2). (Bankruptcy Abuse Prevention and Consumer Protection Act of 2005) Law text · (i)
1984
- Pub. L. 98–353 substituted "section 726" for "section 726(a)". · (j)
1982
- Pub. L. 97–222, §19(a), inserted "to such customer" after "distribution". · (a)
- Pub. L. 97–222, §19(b), struck out "that is being actively traded as of the date of the filing of the petition" after "any open commodity contract" and inserted "the" after "rules of". · (b)
- Pub. L. 97–222, §19(c), substituted "the amount to which the customer of the debtor is entitled under subsection (h) or (i) of this section, then such" for "such amount, then the" and "the trustee then shall" for "the trustee shall". · (d)
- Pub. L. 97–222, §19(d), inserted provision that notwithstanding any other provision of this subsection, a customer net equity claim based on a proprietary account, as defined by Commission rule, regulation, or order, may not be paid either in whole or in part, directly or indirectly, o… · (h)
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.