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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.

referredUnited States· United States Congress· EN

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.

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Documents

2 official files

Introduced in Senate (text)

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Sources

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