Source: https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section78fff-3&num=0&edition=prelim
Timestamp: 2020-01-29 19:58:47
Document Index: 97926301

Matched Legal Cases: ['§ 78', '§9', '§9', '§1', '§929', '§983', '§1']

[USC02] 15 USC 78fff-3: SIPC advances
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15 USC 78fff-3: SIPC advances Text contains those laws in effect on January 28, 2020
In order to provide for prompt payment and satisfaction of net equity claims of customers of the debtor, SIPC shall advance to the trustee such moneys, not to exceed $500,000 for each customer, as may be required to pay or otherwise satisfy claims for the amount by which the net equity of each customer exceeds his ratable share of customer property, except that-
(Pub. L. 91–598, §9, as added Pub. L. 95–283, §9, May 21, 1978, 92 Stat. 265 ; amended Pub. L. 96–433, §1, Oct. 10, 1980, 94 Stat. 1855 ; Pub. L. 111–203, title IX, §§929H(a), 983(a), July 21, 2010, 124 Stat. 1856 , 1931.)
This chapter, referred to in subsec. (a), was in the original "this Act", meaning Pub. L. 91–598, Dec. 30, 1970, 84 Stat. 1636 . For complete classification of this Act to the Code, see Tables.
2010-Subsec. (a)(1). Pub. L. 111–203, §983(a), inserted "or options on commodity futures contracts" after "claim for securities".
1980-Subsec. (a). Pub. L. 96–433, §1(1), substituted in opening par. "$500,000" for "$100,000".