12 USC 4403 - Bilateral netting

U.S Code last checked for updates: Nov 22, 2024

§ 4403.

Bilateral netting

(a)

General rule

(b)

Limitation on obligation to make payment

(c)

Limitation on right to receive payment

(d)

Payment of net entitlement of failed financial institution

(e)

Effectiveness notwithstanding status as financial institution

(f)

Enforceability of security agreements

(Pub. L. 102–242, title IV, § 403, Dec. 19, 1991, 105 Stat. 2374; Pub. L. 109–8, title IX, § 906(b), Apr. 20, 2005, 119 Stat. 168; Pub. L. 109–390, § 4(a), Dec. 12, 2006, 120 Stat. 2695; Pub. L. 111–203, title II, § 211(c), July 21, 2010, 124 Stat. 1514.)

cite as: 12 USC 4403