United States · Bill · S
S. 1109 (102nd)
A bill to amend section 547 of title 11, United States Code, to provide that certain withdrawal transactions made by depositors from certain financial institutions not be avoided as preferential transfers.
Introduced
21 May 1991
Last action
—
Status
Read twice and referred to the Committee on Banking.
Sponsors
—
Subjects
Discovery layer
Source updated
14 January 2025
Summary
Amends Federal bankruptcy law to declare that a trustee in bankruptcy shall not avoid as preferential transfers any withdrawals by depositors from an uninsured depository institution during the 90 days before such institution files for bankruptcy protection.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
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Votes
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Versions
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Documents
2 official files
Introduced in Senate (text)
Introduced in Senate (text)
Introduced in Senate · EN
Introduced in Senate
summary · EN · 21 May 1991
Sponsors
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Related records
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/102nd-congress/senate-bill/1109
- Open data entity: https://api.congress.gov/v3/bill/102/s/1109