A bill to amend title 11 of the United States Code to provide that the trustee may not avoid certain transfers made to depositors by uninsured industrial banks that are debtors.

referredUnited States· United States Congress· EN

Introduced

16 June 1987

Last action

—

Status

Referred to Subcommittee on Monopolies and Commercial Law.

Summary

Amends Federal bankruptcy provisions to provide that a bankruptcy trustee may not avoid transfers made to depositors by uninsured industrial banks that accept and issue documentary evidence of time and savings deposits in the ordinary course of business. Specifies that such a requirement shall take effect retroactive to March 8, 1983, but shall not apply to bankruptcy cases filed before that date.

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Documents

1 official file

Introduced in House
summary · EN · 16 June 1987
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/100th-congress/house-bill/2688
Open data entity: https://api.congress.gov/v3/bill/100/hr/2688