Bookmarking and annotating the Code and Rules is a special benefit of ABI membership. Join ABI or take a Test Drive today, and start making the Code and Rules your own!
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.
ABI Related Resources
Your trusted source for original insolvency articles and legislative updates.
| Article | Date |
|---|---|
| Should SIPA Trustee Have Greater Power than Chapter 7 Trustee to Pursue Third-Party Claims | 04/30/2012 |
Learn more about Law.ABI.org
