Title 11, BankruptcyRelease 119-102
§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
If any of nine kinds of financial parties use rights under this law, doing so does not change the order of payment for any unsecured claim (a claim without collateral) they have afterward. The nine kinds are forward contract merchants, commodity brokers, stockbrokers, financial institutions, financial participants, securities clearing agencies, swap participants, repo participants, and master netting agreement participants.
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
Aug 21, 2026
Release point: 119-102