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| TITLE 11 > CHAPTER 7 > SUBCHAPTER III > § 745 | Prev | Next |
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§ 745. Treatment of accounts |
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| Release date: 2005-07-12 | |
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(a)
Accounts held by the debtor for a particular customer in separate capacities shall be treated as accounts of separate customers.
(b)
If a stockbroker or a bank holds a customer net equity claim against the debtor that arose out of a transaction for a customer of such stockbroker or bank, each such customer of such stockbroker or bank shall be treated as a separate customer of the debtor.
(c)
Each trustee’s account specified as such on the debtor’s books, and supported by a trust deed filed with, and qualified as such by, the Internal Revenue Service, and under the Internal Revenue Code of 1986, shall be treated as a separate customer account for each beneficiary under such trustee account.
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