12 USC 4404 - Clearing organization netting

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

§ 4404.

Clearing organization netting

(a)

General rule

(b)

Limitation of obligation to make payment

(c)

Limitation on right to receive payment

(d)

Entitlement of failed members

(e)

Obligations of failed members

(f)

Limitation on claims for entitlement

(g)

Effectiveness notwithstanding status as member

(h)

Enforceability of security agreements

(Pub. L. 102–242, title IV, § 404, Dec. 19, 1991, 105 Stat. 2374; Pub. L. 109–8, title IX, § 906(c), Apr. 20, 2005, 119 Stat. 168; Pub. L. 109–390, § 4(b), Dec. 12, 2006, 120 Stat. 2695.)

cite as: 12 USC 4404