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Notwithstanding section
362 of this title,
SIPC may file an application for a protective decree under the Securities
Investor Protection Act of 1970.
The filing of such application stays all proceedings in the case under this
title unless and until such application is dismissed. If
SIPC completes the liquidation of the
debtor, then the court shall dismiss
the case.
(Pub. L. 95-598,
Nov. 6, 1978, 92 Stat. 2613; Pub. L. 97-222, § 9, July 27, 1982,
96 Stat. 237; Pub. L. 103-394, title V, § 501(d)(26), Oct. 22, 1994,
108 Stat. 4146.)
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