Warning: Creating default object from empty value in /home2/estatep6/public_html/bknevada.com/plugins/system/cdnforjoomla/helper.php on line 27
§ 744. Executory contracts

Las Vegas & Henderson Brankruptcy Attorneys

Call (702) 518-5180

Las Vegas & Henderson Bankruptcy Lawyers

FREE CASE REVIEW!

§ 744. Executory contracts

§744. Executory contracts

Code

Notwithstanding section 365(d)(1) of this title, the trustee shall assume or reject, under section 365 of this title, any executory contract of the debtor for the purchase or sale of a security in the ordinary course of the debtor's business, within a reasonable time after the date of the order for relief, but not to exceed 30 days. If the trustee does not assume such a contract within such time, such contract is rejected.

Notes

(Pub. L. 95–598, Nov. 6, 1978, 92 Stat. 2613; Pub. L. 97–222, §10, July 27, 1982, 96 Stat. 238.)

Historical and Revision Notes

senate report no. 95–989

Section 744 instructs the court to give the trustee a reasonable time, not to exceed 30 days, to assume or reject any executory contract of the stockbroker to buy or sell securities. Any contract not assumed within the time fixed by the court is considered to be rejected.

Amendments

1982—Pub. L. 97–222 inserted “but” after “relief,”.

Address

Law Office of Richards & Associates, LLC
1489 West Warm Springs Road, Suite 110
Henderson, NV 89014
(702) 518-5180

Request a FREE consultation

Call (702) 518-5180, or fill out this form and we will contact you, generally by the end of the next business day.
Please be aware that submitting this form does not create an attorney/client relationship. Therefore, any information you submit through this website does not constitute confidential attorney/client communication.