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

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LegalText 11 U.S.C. § 781 Definitions us united_states_code code_section 11 BANKRUPTCY 7 LIQUIDATION 781 11 U.S.C. § 781 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/s781 data/legal/raw/us/code/title-11/usc11.xml f9d50db93659fc271754ede697c820d978de2c6b1b81cd2f49733332bbf4c576 49b32bf784de01de21874d64b5d1d78d1d245352824a03caa6d6b941a4a2c9a2 4e67a95156462b630c97b9a6fea8522e8e60cb38e03274b8e72f99abede8200b 2026-07-04 official
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11 U.S.C. § 781 - Definitions

Text

For purposes of this subchapter, the following definitions shall apply:

(1) Board.— The term “Board” means the Board of Governors of the Federal Reserve System.

(2) Depository institution.— The term “depository institution” has the same meaning as in section 3 of the Federal Deposit Insurance Act.

(3) Clearing bank.— The term “clearing bank” means an uninsured State member bank, or a corporation organized under section 25A of the Federal Reserve Act, which operates, or operates as, a multilateral clearing organization pursuant to section 409 11 See References in Text note below. of the Federal Deposit Insurance Corporation Improvement Act of 1991.

(Added Pub. L. 106554, § 1(a)(5) [title I, § 112(c)(5)(B)], Dec. 21, 2000, 114 Stat. 2763, 2763A394.)

Notes

Editorial Notes

References in TextSection 3 of the Federal Deposit Insurance Act, referred to in par. (2), is classified to section 1813 of Title 12, Banks and Banking. Section 25A of the Federal Reserve Act, referred to in par. (3), popularly known as the Edge Act, is classified to subchapter II (§ 611 et seq.) of chapter 6 of Title 12, Banks and Banking. For complete classification of this Act to the Code, see Short Title note set out under section 611 of Title 12 and Tables. Section 409 of the Federal Deposit Insurance Corporation Improvement Act of 1991, referred to in par. (3), which was classified to section 4422 of Title 12, Banks and Banking, was repealed by Pub. L. 111203, title VII, § 740, July 21, 2010, 124 Stat. 1729.