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2011 US Code
Title 12 - Banks and Banking
Chapter 45 - PAYMENT SYSTEM RISK REDUCTION (§§ 4401 - 4422)
Subchapter I - BILATERAL AND CLEARING ORGANIZATION NETTING (§§ 4401 - 4407)
Section 4405 - Preemption
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Publication Title | United States Code, 2006 Edition, Supplement 5, 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 | 2011 |
Laws in Effect as of Date | January 3, 2012 |
Positive Law | No |
Disposition | standard |
Source Credit | Pub. L. 102-242, title IV, §405, Dec. 19, 1991, 105 Stat. 2375. |
Statutes at Large Reference | 105 Stat. 2375 |
Public Law Reference | Public Law 102-242 |
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12 USC § 4405 (2011)
§4405. Preemption
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.
(Pub. L. 102–242, title IV, §405, Dec. 19, 1991, 105 Stat. 2375.)
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