Section 742 - Effect of Section 362 on This Title in This Subchapter
Title 11 of the United States Code - Bankruptcy
LIQUIDATION – CHAPTER 7
Effect of Section 362 of This Title in This Subchapter- Section 742
11 USCS § 742
Notwithstanding section 362 of this title [11 USCS § 362], SIPC may file an application for a protective decree under the Securities Investor Protection Act of 1970 [15 USCS §§ 78aaa et seq.]. The filing of such application stays all proceedings in the case under this title unless and until such application is dismissed. If SIPC completes the liquidation of the debtor, then the court shall dismiss the case.
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