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LegalText 11 U.S.C. § 765 Customer instructions us united_states_code code_section 11 BANKRUPTCY 7 LIQUIDATION 765 11 U.S.C. § 765 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/s765 data/legal/raw/us/code/title-11/usc11.xml ddbe87f0aa0185142c489cc62d10bb0090ec829827a8310de7b3e50378db622b 49b32bf784de01de21874d64b5d1d78d1d245352824a03caa6d6b941a4a2c9a2 1309ef709924c55ca0d0000ac3da52e42afcf10e158b3a431d4adca7d77c550a 2026-07-04 official
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11 U.S.C. § 765 - Customer instructions

Text

(a) The notice required by section 342 of this title to customers shall instruct each customer—

(1) to file a proof of such customers claim promptly, and to specify in such claim any specifically identifiable security, property, or commodity contract; and

(2) to instruct the trustee of such customers 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 customers 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. 95598, Nov. 6, 1978, 92 Stat. 2619; Pub. L. 97222, § 18, July 27, 1982, 96 Stat. 240; Pub. L. 98353, title III, § 488, July 10, 1984, 98 Stat. 383.)

Notes

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

Editorial Notes

Amendments1984—Subsec. (a). Pub. L. 98353 substituted “notice required by” for “notice under”. 1982—Subsec. (b). Pub. L. 97222 substituted “commodity contract” for “commitment”.

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.