2016 US Code
Title 12 - Banks and Banking
Chapter 45 - Payment System Risk Reduction
Subchapter I - Bilateral and Clearing Organization Netting
Sec. 4406 - Relationship to other payments systems

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Citation 12 U.S.C. § 4406 (2016)
Section Name §4406. Relationship to other payments systems
Section Text

This chapter shall have no effect by implication or otherwise on the validity or legal enforceability of a netting arrangement of any payment system which is not subject to this chapter.

Source Credit

(Pub. L. 102–242, title IV, §406, Dec. 19, 1991, 105 Stat. 2375.)

Publication Title United States Code, 2012 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. 4406 - Relationship to other payments systems
Contains section 4406
Date 2016
Laws In Effect As Of Date January 6, 2017
Positive Law No
Disposition standard
Statutes at Large Reference 105 Stat. 2375
Public Law References Public Law 102-242
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