San Gabriel Bankruptcy Attorney

TITLE 11 - BANKRUPTCY
CHAPTER 7 - LIQUIDATION
    SUBCHAPTER III - STOCKBROKER LIQUIDATION

-HEAD-
    Sec. 750. Distribution of securities

-STATUTE-
      The trustee may not distribute a security except under section
    751 of this title.

-SOURCE-
    (Pub. L. 95-598, Nov. 6, 1978, 92 Stat. 2614.)


                       HISTORICAL AND REVISION NOTES                   

                         SENATE REPORT NO. 95-989                     
      Section 750 forbids the trustee from distributing a security
    other than a customer name security. The term "distribution" refers
    to a distribution to customers in satisfaction of net equity claims
    and is not intended to preclude the trustee from liquidating
    securities under proposed 11 U.S.C. 748.

-End-