Title 11 — BankruptcyRelease 119-73not60
§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
Title 11 › Chapter 7— LIQUIDATION › Subchapter IV— COMMODITY BROKER LIQUIDATION › § 767
Summary
Even if other parts of the law say something different, when the listed financial parties use their rights, the order of their unsecured claims does not change.
Full Legal Text
Title 11, §767
Bankruptcy — Source: USLM XML via OLRC
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.
Legislative History
Notes & Related Subsidiaries
Statutory Notes and Related Subsidiaries
Effective Date
Section 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. 109–8, set out as an
Effective Date
of 2005 Amendment note under section 101 of this title.
Reference
Citations & Metadata
Citation
11 U.S.C. § 767
Title 11 — Bankruptcy
Last Updated
Apr 3, 2026
Release point: 119-73not60