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2026-07-06 09:52:37 -04:00

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LegalText 11 U.S.C. § 763 Treatment of accounts us united_states_code code_section 11 BANKRUPTCY 7 LIQUIDATION 763 11 U.S.C. § 763 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc11@119-100.zip /us/usc/t11/s763 data/legal/raw/us/code/title-11/usc11.xml 18ee2af16210f2448de08f1a9a59f02a94b16d3d0d2ce78a5044cf255c7627b6 49b32bf784de01de21874d64b5d1d78d1d245352824a03caa6d6b941a4a2c9a2 44bc7db842fb5142b47130432e2795b98094b9f8419816ce27e3699f1b33c1df 2026-07-04 official
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11 U.S.C. § 763 - Treatment of accounts

Text

(a) Accounts held by the debtor for a particular customer in separate capacities shall be treated as accounts of separate customers.

(b) A member of a clearing organization shall be deemed to hold such members proprietary account in a separate capacity from such members customers account.

(c) The net equity in a customers account may not be offset against the net equity in the account of any other customer.

(Pub. L. 95598, Nov. 6, 1978, 92 Stat. 2618; Pub. L. 98353, title III, § 486, July 10, 1984, 98 Stat. 383.)

Notes

Historical and Revision Notes

senate report no. 95989Section 763 provides for separate treatment of accounts held in separate capacities. A deficit in one account held for a customer may not be offset against the net equity in another account held by the same customer in a separate capacity or held by another customer.

Editorial Notes

Amendments1984—Subsec. (a). Pub. L. 98353 substituted “by the debtor for” for “by” and “treated as” for “deemed to be”.

Statutory Notes and Related Subsidiaries

Effective Date of 1984 AmendmentAmendment by Pub. L. 98353 effective with respect to cases filed 90 days after July 10, 1984, see section 552(a) of Pub. L. 98353, set out as a note under section 101 of this title.