Professional Membership
TITLE 11 - BANKRUPTCY CHAPTER 7 - LIQUIDATION -HEAD- CHAPTER 7 - LIQUIDATION SUBCHAPTER I - OFFICERS AND ADMINISTRATION Sec. 701. Interim trustee. 702. Election of trustee. 703. Successor trustee. 704. Duties of trustee. 705. Creditors' committee. 706. Conversion. 707. Dismissal of a case or conversion to a case under chapter 11 or 13. SUBCHAPTER II - COLLECTION, LIQUIDATION, AND DISTRIBUTION OF THE ESTATE 721. Authorization to operate business. 722. Redemption. 723. Rights of partnership trustee against general partners. 724. Treatment of certain liens. 725. Disposition of certain property. 726. Distribution of property of the estate. 727. Discharge. [728. Repealed.] SUBCHAPTER III - STOCKBROKER LIQUIDATION 741. Definitions for this subchapter. 742. Effect of section 362 of this title in this subchapter. 743. Notice. 744. Executory contracts. 745. Treatment of accounts. 746. Extent of customer claims. 747. Subordination of certain customer claims. 748. Reduction of securities to money. 749. Voidable transfers. 750. Distribution of securities. 751. Customer name securities. 752. Customer property. 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. SUBCHAPTER IV - COMMODITY BROKER LIQUIDATION 761. Definitions for this subchapter. 762. Notice to the Commission and right to be heard. 763. Treatment of accounts. 764. Voidable transfers. 765. Customer instructions. 766. Treatment of customer property. 767. Commodity broker liquidation and forward contract merchants, commodity brokers, stockbrokers, financial institutions, financial participants, securities clearing agencies, swap participants, repo participants, and master netting agreement participants. SUBCHAPTER V - CLEARING BANK LIQUIDATION 781. Definitions. 782. Selection of trustee. 783. Additional powers of trustee. 784. Right to be heard. AMENDMENTS 2005 - Pub. L. 109-8, title I, Sec. 102(k), title VII, Sec. 719(b)(2), title IX, Sec. 907(p)(2), Apr. 20, 2005, 119 Stat. 35, 133, 182, added items 753 and 767, substituted "Dismissal of a case or conversion to a case under chapter 11 or 13" for "Dismissal" in item 707, and struck out item 728 "Special tax provisions". 2000 - Pub. L. 106-554, Sec. 1(a)(5) [title I, Sec. 112(d)], Dec. 21, 2000, 114 Stat. 2763, 2763A-396, added subchapter V heading and items 781 to 784. 1984 - Pub. L. 98-353, title III, Sec. 471, July 10, 1984, 98 Stat. 380, substituted "Successor" for "Succesor" in item 703. -End-