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2022 US Code
Title 12 - Banks and Banking
Chapter 45 - Payment System Risk Reduction
Subchapter I - Bilateral and Clearing Organization Netting
Sec. 4405 - Preemption

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Citation 12 U.S.C. § 4405 (2022)
Section Name §4405. Preemption
Section Text

No stay, injunction, avoidance, moratorium, or similar proceeding or order, whether issued or granted by a court, administrative agency, or otherwise, shall limit or delay application of otherwise enforceable netting contracts in accordance with sections 4403 and 4404 of this title.
Source Credit

(Pub. L. 102–242, title IV, §405, Dec. 19, 1991, 105 Stat. 2375.)
Publication Title United States Code, 2018 Edition, Supplement 4, Title 12 - BANKS AND BANKING
Category Bills and Statutes
Collection United States Code
SuDoc Class Number Y 1.2/5:
Contained Within Title 12 - BANKS AND BANKING
CHAPTER 45 - PAYMENT SYSTEM RISK REDUCTION
SUBCHAPTER I - BILATERAL AND CLEARING ORGANIZATION NETTING
Sec. 4405 - Preemption
Contains section 4405
Date 2022
Laws In Effect As Of Date January 5, 2023
Positive Law No
Disposition standard
Statutes at Large References 105 Stat. 2375
Public Law References Public Law 102-242
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