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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 09:52:37 -04:00

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LegalText 11 U.S.C. § 744 Executory contracts us united_states_code code_section 11 BANKRUPTCY 7 LIQUIDATION 744 11 U.S.C. § 744 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/s744 data/legal/raw/us/code/title-11/usc11.xml 15dec599a0dc8215e5ef2f92545da792b4de8717f2293b8230e8530d5aa0d98e 49b32bf784de01de21874d64b5d1d78d1d245352824a03caa6d6b941a4a2c9a2 d42ec4f07a81810f079f2e236602989a06a0939fe10a1a4ea7899daf19432b5d 2026-07-04 official
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11 U.S.C. § 744 - Executory contracts

Text

Notwithstanding section 365(d)(1) of this title, the trustee shall assume or reject, under section 365 of this title, any executory contract of the debtor for the purchase or sale of a security in the ordinary course of the debtors business, within a reasonable time after the date of the order for relief, but not to exceed 30 days. If the trustee does not assume such a contract within such time, such contract is rejected.

(Pub. L. 95598, Nov. 6, 1978, 92 Stat. 2613; Pub. L. 97222, § 10, July 27, 1982, 96 Stat. 238.)

Notes

Historical and Revision Notes

senate report no. 95989Section 744 instructs the court to give the trustee a reasonable time, not to exceed 30 days, to assume or reject any executory contract of the stockbroker to buy or sell securities. Any contract not assumed within the time fixed by the court is considered to be rejected.

Editorial Notes

Amendments1982—Pub. L. 97222 inserted “but” after “relief,”.