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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) Accounts held by the debtor for a particular customer in separate capacities shall be treated as accounts of separate customers.
(b) A member of a clearing organization shall be deemed to hold such member's proprietary account in a separate capacity from such member's customers' account.
(c) The net equity in a customer's account may not be offset against the net equity in the account of any other customer.
Cite this article: FindLaw.com - 11 U.S.C. § 763 - U.S. Code - Unannotated Title 11. Bankruptcy § 763. Treatment of accounts - last updated January 01, 2024 | https://codes.findlaw.com/us/title-11-bankruptcy/11-usc-sect-763/
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