§ 750 - Distribution of securities

CHAPTER 7— LIQUIDATION › SUBCHAPTER III— STOCKBROKER LIQUIDATION

The trustee may not distribute a security except under section 751 of this title.

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.