§750. Distribution of securities
Primary source
Verbatim text below is from the United States Code (GovInfo), a public-domain U.S. government work.
Full Text
§750. Distribution of securities
The trustee may not distribute a security except under section 751 of this title.
Historical and Revision Notes
senate report no. 95–989
Section 750 forbids the trustee from distributing a security other than a customer name security. The term "distribution" refers to a distribution to customers in satisfaction of net equity claims and is not intended to preclude the trustee from liquidating securities under proposed 11 U.S.C. 748.
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What does a discharge under 11 USC 727 is granted mean?+
Subsection (b) specifies that the discharge granted under this section discharges the debtor from all debts that arose before the date of the order for relief. It is irrelevant whether or not a proof of claim was filed with respect to the debt, and whether or not the claim based on the debt was allowed.
Sourced from 11 U.S. Code § 727 - Discharge - Law.Cornell.Edu
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