Title 12 — Banks and BankingRelease 119-73
§4405 Preemption
Title 12 › Chapter CHAPTER 45— - PAYMENT SYSTEM RISK REDUCTION › Subchapter SUBCHAPTER I— - BILATERAL AND CLEARING ORGANIZATION NETTING › § 4405
Full Legal Text
Title 12, §4405
Banks and Banking — Source: USLM XML via OLRC
No stay, injunction, avoidance, moratorium, or similar proceeding or order, whether issued or granted by a court, administrative agency, or otherwise, shall limit or delay application of otherwise enforceable netting contracts in accordance with section 4403 and 4404 of this title.
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Citation
12 U.S.C. § 4405
Title 12 — Banks and Banking
Last Updated
Apr 6, 2026
Release point: 119-73