Sub Chapter IV Commodity Broker Liquidation
Sec. 765. Customer instructions
(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
(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
(Pub. L. 95-598, Nov. 6, 1978, 92 Stat. 2619; Pub. L. 97-222, Sec. 18,
July 27, 1982, 96 Stat. 240; Pub. L. 98-353, title III, Sec. 488, July
10, 1984, 98 Stat. 383.)
Historical and Revision Notes
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. 98-353 substituted ``notice required by''
for ``notice under''.
1982--Subsec. (b). Pub. L. 97-222 substituted ``commodity contract''
Effective Date of 1984 Amendment
Amendment by Pub. L. 98-353 effective with respect to cases filed 90
days after July 10, 1984, see section 552(a) of Pub. L. 98-353, set out
as a note under section 101 of this title.
Section Referred to in Other Sections
This section is referred to in section 365 of this title.