Section 763 - Treatment of Accounts

Title 11 of the United States Code - Bankruptcy
LIQUIDATION – CHAPTER 7

Treatment of Accounts- Section 763

11 USCS § 763



(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.

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