(a)The notice required by section
342 of this title to customers shall instruct each customer—
(1)to file a proof of such customer’s claim promptly, and to specify in such claim any specifically identifiable security, property, or commodity contract; and
(2)to instruct the trustee of such customer’s desired disposition, including transfer under section
766 of this title or liquidation, of any commodity contract specifically identified to such customer.
(b)The trustee shall comply, to the extent practicable, with any instruction received from a customer regarding such customer’s desired disposition of any commodity contract specifically identified to such customer. If the trustee has transferred, under section
766 of this title, such a commodity contract, the trustee shall transmit any such instruction to the commodity broker to whom such commodity contract was so transferred.
For Historical and Revision Notes for this section, see Historical and Revision Notes set out under section
766 of this title.
1984—Subsec. (a). Pub. L. 98–353substituted “notice required by” for “notice under”.
1982—Subsec. (b). Pub. L. 97–222substituted “commodity contract” for “commitment”.
Effective Date of 1984 Amendment
Amendment by Pub. L. 98–353effective with respect to cases filed 90 days after July 10, 1984, see section 552(a) ofPub. L. 98–353, set out as a note under section
101 of this title.
The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.
The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013
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