11 U.S.C. § 781

Definitions

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For purposes of this subchapter, the following definitions shall apply:(1)Board.—The term “Board” means the Board of Governors of the Federal Reserve System.(2)Depository institution.—The term “depository institution” has the same meaning as in section 3 of the Federal Deposit Insurance Act.(3)Clearing bank.—The term “clearing bank” means an uninsured State member bank, or a corporation organized under section 25A of the Federal Reserve Act, which operates, or operates as, a multilateral clearing organization pursuant to section 409 11 See References in Text note below. of the Federal Deposit Insurance Corporation Improvement Act of 1991.(Added Pub. L. 106–554, § 1(a)(5) [title I, § 112(c)(5)(B)], Dec. 21, 2000, 114 Stat. 2763, 2763A–394.)Editorial NotesReferences in Text

Section 3 of the Federal Deposit Insurance Act, referred to in par. (2), is classified to section 1813 of Title 12, Banks and Banking.

Section 25A of the Federal Reserve Act, referred to in par. (3), popularly known as the Edge Act, is classified to subchapter II (§ 611 et seq.) of chapter 6 of Title 12, Banks and Banking. For complete classification of this Act to the Code, see Short Title note set out under section 611 of Title 12 and Tables.

Section 409 of the Federal Deposit Insurance Corporation Improvement Act of 1991, referred to in par. (3), which was classified to section 4422 of Title 12, Banks and Banking, was repealed by Pub. L. 111–203, title VII, § 740, July 21, 2010, 124 Stat. 1729.

Notes of Decisions

Cited in 9 cases (2 in the last 5 years), 1955–2024 · leading case: Paris v. Transamerica Ins. Grp. (In Re Buckley & Assocs. Ins.), 67 B.R. 331 (Bankr. E.D. Tenn. 1986).

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Paris v. Transamerica Ins. Grp. (In Re Buckley & Assocs. Ins.), 67 B.R. 331 (Bankr. E.D. Tenn. 1986). “See also Bankruptcy Act of 1898, § 381, 11 U.S.C. § 781 (1978). In these circumstances, the court believes it has reached a result that is not only legally correct but is just as to Trans-america and the debtor’s other creditors.”

Klein v. GAC Ltd. P'ship (In Re Exten Assocs., Inc.), 13 B.R. 818 (Bankr. D. Md. 1981). · cites it 2× “That foundation is § 381(1) of the Bankruptcy Act of 1898, 11 U.S.C. § 781 (1) (1976). Section 381(1) provides that, Where, after the confirmation of an arrangement, the court shall enter an order *823 directing that bankruptcy be proceeded with— (1) the trustee shall, upon his…”

In Re Fashion Spear, Inc., 15 B.R. 137 (Bankr. W.D. Pa. 1981). “( 11 U.S.C. § 781 (2).) The section states: Sec.”

In re Oliver, 127 F. Supp. 842 (D. Kan. 1955). “Attention is called to Section 381 of Chapter XI [ 11 U.S.C.A. § 781 ], which has the identical language.”

In re Scranton Dry Goods Co., 28 B.R. 620 (M.D. Penn. 1983). “See, § 381 of Chapter XI, former 11 U.S.C. § 781 ; § 486 of Chapter XII, former 11 U.”

Animo Bancorp, Inc. v. the Capital Markets Co., LLC (Tex. App. 2024). “§ 101 (6)) Clearing Bank (as defined in 11 U.S.C. § 781 (3)) None of the above B.”

REILS Fin. SPV v. CIP 1300 U Street Owner, LLC (S.D.N.Y. 2022). “§ 101 {8)) O Ciearing Bank (as defined in 11 U.S.C. § 781 (3)) 0 None of the above B.”

In re Herman Hassinger, Inc., 63 B.R. 107 (Bankr. E.D. Pa. 1986). · cites it 2× “See, § 381 of Chapter XI, former 11 U.S.C. § 781 (1976); § 486 of Chapter XII, former 11 U.”

Energy Corp. Elkins Energy Corp. v. Cent. Supply Co. of Va., Inc., Creditor (In re Elkins), 40 B.R. 893 (E.D. Va. 1984). “§ 104 ) of the Bankruptcy Act of 1898 governed the decision, and § 381(2) ( 11 U.S.C. § 781 [2] of said Act place post-confirmation claims upon the same level as other general unsecured claims.”

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