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

25 January 1989

Last action

—

Status

Referred to Subcommittee on Courts and Administrative Practice.

Summary

Prohibits bankruptcy trustees from avoiding as preferential transfers certain withdrawal transactions made by depositors or investors from accounts with certain financial institutions whose usual courses of business include the acceptance and repayment of such accounts or similar evidences of indebtedness. Applies such prohibition to bankruptcy cases filed on or after March 9, 1983, and to proceedings arising out of, or related to, such cases.

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Documents

3 official files

Reference Change Senate (text)
Reference Change Senate · EN
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Introduced in Senate (text)
Introduced in Senate · EN
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Introduced in Senate
summary · EN · 25 January 1989
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Sources

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Official source: https://www.congress.gov/bill/101st-congress/senate-bill/209
Open data entity: https://api.congress.gov/v3/bill/101/s/209