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§ 745. Treatment of accounts

 


 


(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.


(Pub. L. 95-598, Nov. 6, 1978, 92 Stat. 2613; Pub. L. 97-222, § 11, July 27, 1982, 96 Stat. 238; Pub. L. 98-353, title III, § 483, July 10, 1984, 98 Stat. 383; Pub. L. 103-394, title V, § 501(d)(28), Oct. 22, 1994, 108 Stat. 4146.)

 

 

 

 

 

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