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

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LegalText 11 U.S.C. § 783 Additional powers of trustee us united_states_code code_section 11 BANKRUPTCY 7 LIQUIDATION 783 11 U.S.C. § 783 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/s783 data/legal/raw/us/code/title-11/usc11.xml 317ff58293ef27505ef0aa6366cc867606d4173b0f0925fef4ea7f11e6f8a2a6 49b32bf784de01de21874d64b5d1d78d1d245352824a03caa6d6b941a4a2c9a2 49ff9c99836b62bc00442af51a7bf8f14c840e1f9ce6b2cd09ea3959e6a6dfbd 2026-07-04 official
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11 U.S.C. § 783 - Additional powers of trustee

Text

(a) Distribution of Property Not of the Estate.— The trustee under this subchapter has power to distribute property not of the estate, including distributions to customers that are mandated by subchapters III and IV of this chapter.

(b) Disposition of Institution.— The trustee under this subchapter may, after notice and a hearing—

(1) sell the clearing bank to a depository institution or consortium of depository institutions (which consortium may agree on the allocation of the clearing bank among the consortium);

(2) merge the clearing bank with a depository institution;

(3) transfer contracts to the same extent as could a receiver for a depository institution under paragraphs (9) and (10) of section 11(e) of the Federal Deposit Insurance Act;

(4) transfer assets or liabilities to a depository institution; and

(5) transfer assets and liabilities to a bridge depository institution as provided in paragraphs (1), (3)(A), (5), and (6) of section 11(n) of the Federal Deposit Insurance Act, paragraphs (9) through (13) of such section, and subparagraphs (A) through (H) and subparagraph (K) of paragraph (4) of such section 11(n), except that—

(A) the bridge depository institution to which such assets or liabilities are transferred shall be treated as a clearing bank for the purpose of this subsection; and

(B) any references in any such provision of law to the Federal Deposit Insurance Corporation shall be construed to be references to the appointing agency and that references to deposit insurance shall be omitted.

(c) Certain Transfers Included.— Any reference in this section to transfers of liabilities includes a ratable transfer of liabilities within a priority class.

(Added Pub. L. 106554, § 1(a)(5) [title I, § 112(c)(5)(B)], Dec. 21, 2000, 114 Stat. 2763, 2763A395; amended Pub. L. 110289, div. A, title VI, § 1604(b)(3), July 30, 2008, 122 Stat. 2829.)

Notes

Editorial Notes

References in TextSection 11 of the Federal Deposit Insurance Act, referred to in subsec. (b)(3), (5), is classified to section 1821 of Title 12, Banks and Banking.

Amendments2008—Subsec. (b)(5). Pub. L. 110289, which directed amendment of this section by substituting “bridge depository institution” for “bridge bank”, was executed by making the substitution in introductory provisions and subpar. (A) of subsec. (b)(5), to reflect the probable intent of Congress.