Source: https://codes.findlaw.com/us/title-11-bankruptcy/11-usc-sect-741.html
Timestamp: 2019-11-13 22:58:49
Document Index: 386839157

Matched Legal Cases: ['§ 741', '§ 741', '§ 741', '§ 741', '§ 741', '§ 741']

11 U.S.C. § 741 - U.S. Code Title 11. Bankruptcy § 741 | FindLaw
11 U.S.C. § 741 - U.S. Code - Unannotated Title 11. Bankruptcy § 741. Definitions for this subchapter
(2) “customer” includes--
(A) entity with whom a person deals as principal or agent and that has a claim against such person on account of a security received, acquired, or held by such person in the ordinary course of such person's business as a stockbroker, from or for the securities account or accounts of such entity--
(3) “customer name security” means security--
(4) “customer property” means cash, security, or other property, and proceeds of such cash, security, or property, received, acquired, or held by or for the account of the debtor, from or for the securities account of a customer--
(B) not including--
(6) “net equity” means, with respect to all accounts of a customer that such customer has in the same capacity--
(7) “securities contract”--
(i) a contract for the purchase, sale, or loan of a security, a certificate of deposit, a mortgage loan, any interest in a mortgage loan, a group or index of securities, certificates of deposit, or mortgage loans or interests therein (including an interest therein or based on the value thereof), or option on any of the foregoing, including an option to purchase or sell any such security, certificate of deposit, mortgage loan, interest, group or index, or option, and including any repurchase or reverse repurchase transaction on any such security, certificate of deposit, mortgage loan, interest, group or index, or option (whether or not such repurchase or reverse repurchase transaction is a “repurchase agreement”, as defined in section 101 );
(xi) any security agreement or arrangement or other credit enhancement related to any agreement or transaction referred to in this subparagraph, including any guarantee or reimbursement obligation by or to a stockbroker, securities clearing agency, financial institution, or financial participant in connection with any agreement or transaction referred to in this subparagraph, but not to exceed the damages in connection with any such agreement or transaction, measured in accordance with section 562 ; and
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