11 U.S.C. § 743

Current through P.L. 118-47 (published on www.congress.gov on 03/23/2024)

Section 743 - Notice

The clerk shall give the notice required by section 342 of this title to SIPC and to the Commission.

11 U.S.C. § 743

Pub. L. 95-598, Nov. 6, 1978, 92 Stat. 2613; Pub. L. 99-554, title II, §283(t), Oct. 27, 1986, 100 Stat. 3118; Pub. L. 103-394, title V, §501(d)(27), Oct. 22, 1994, 108 Stat. 4146.

HISTORICAL AND REVISION NOTES

SENATE REPORT NO. 95-989Section 743 requires that notice of the order for relief be given to SIPC and to the SEC in every stockbroker case.

EDITORIAL NOTES

AMENDMENTS1994- Pub. L. 103-394 substituted "342" for "342(a)". 1986- Pub. L. 99-554 which directed the amendment of this section by striking "(d)", rather than "(a)", could not be executed because "(d)" did not appear in text. See 1994 Amendment note above.

STATUTORY NOTES AND RELATED SUBSIDIARIES

EFFECTIVE DATE OF 1994 AMENDMENT Amendment by Pub. L. 103-394 effective Oct. 22, 1994, and not applicable with respect to cases commenced under this title before Oct. 22, 1994, see section 702 of Pub. L. 103-394 set out as a note under section 101 of this title.

EFFECTIVE DATE OF 1986 AMENDMENT Amendment by Pub. L. 99-554 effective 30 days after Oct. 27, 1986, see section 302(a) of Pub. L. 99-554 set out as a note under section 581 of Title 28, Judiciary and Judicial Procedure.

stockbroker

The term "stockbroker" means person-(A) with respect to which there is a customer, as defined in section 741 of this title; and(B) that is engaged in the business of effecting transactions in securities-(i) for the account of others; or(ii) with members of the general public, from or for such person's own account.