The clerk shall give the notice required by sectionof this title to SIPC and to the Commission.
11 U.S.C. § 743
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.
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 AMENDMENTAmendment 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 sectionof this title.
EFFECTIVE DATE OF 1986 AMENDMENTAmendment 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.
- 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.