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11 U.S.C. § 744

Executory contracts

United States · Title 11 — BANKRUPTCY · Status: effective

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11 U.S.C. § 744, Executory contracts, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/436853
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Full text

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.

Legislative history

The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone.

  • Enacted byPub. L. 95-598(H.R. 8200)1978-11-06
    A bill to establish a uniform law on the subject of bankruptcies.
    House: no recorded tallySenate: no recorded tally
  • Amended byPub. L. 97-222(H.R. 4935)1982-07-27
    A bill to amend title 11, United States Code, to correct technical errors, and to clarify and make substantive changes, with respect to securities and commodities.
    House: no recorded tallySenate: no recorded tally