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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. § 753 Stockbroker liquidation and forward contract merchants, commodity brokers, stockbrokers, financial institutions, financial participants, securities clearing agencies, swap participants, repo participants, and master netting agreement participants us united_states_code code_section 11 BANKRUPTCY 7 LIQUIDATION 753 11 U.S.C. § 753 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/s753 data/legal/raw/us/code/title-11/usc11.xml 9d2202bb6f9dab14fc11b3b83d03fd5447138466c0732caedd3b6ed4520aff4c 49b32bf784de01de21874d64b5d1d78d1d245352824a03caa6d6b941a4a2c9a2 072321db4c818ed6c800c907ed7effc4759369cd4232ea1961312fd742969207 2026-07-04 official
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11 U.S.C. § 753 - Stockbroker liquidation and forward contract merchants, commodity brokers, stockbrokers, financial institutions, financial participants, securities clearing agencies, swap participants, repo participants, and master netting agreement participants

Text

Notwithstanding any other provision of this title, the exercise of rights by a forward contract merchant, commodity broker, stockbroker, financial institution, financial participant, securities clearing agency, swap participant, repo participant, or master netting agreement participant under this title shall not affect the priority of any unsecured claim it may have after the exercise of such rights.

(Added Pub. L. 1098, title IX, § 907(m), Apr. 20, 2005, 119 Stat. 181.)

Notes

Statutory Notes and Related Subsidiaries

Effective DateSection effective 180 days after Apr. 20, 2005, and not applicable with respect to cases commenced under this title before such effective date, except as otherwise provided, see section 1501 of Pub. L. 1098, set out as an Effective Date of 2005 Amendment note under section 101 of this title.