Section 745 - Treatment of Accounts
Title 11 of the United States Code - Bankruptcy
LIQUIDATION – CHAPTER 7
Treatment of Accounts- Section 745
11 USCS § 745
(a) Accounts held by the debtor for a particular customer in separate capacities shall be treated as accounts of separate customers.
(b) If a stockbroker or a bank holds a customer net equity claim against the debtor that arose out of a transaction for a customer of such stockbroker or bank, each such customer of such stockbroker or bank shall be treated as a separate customer of the debtor.
(c) Each trustee's account specified as such on the debtor's books, and supported by a trust deed filed with, and qualified as such by, the Internal Revenue Service, and under the Internal Revenue Code of 1986 [26 USCS §§ 1 et seq.], shall be treated as a separate customer account for each beneficiary under such trustee account.
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