Page:United States Statutes at Large Volume 96 Part 1.djvu/282

 96 STAT. 240

PUBLIC LAW 97-222—JULY 27, 1982 (10) in paragraph (17)— (A) by striking out "holds" and inserting in lieu thereof "has", and (B) in subparagraph (A)— (i) by inserting "the" after "(A)", and (ii) in clause (ii) by inserting "in such capacity" after "customer". SEC. 17. (a) Section 764(a) of title 11, United States Code, is amended— (1) by striking out "except" and inserting in lieu thereof "but", (2) by inserting "such property" after "trustee, and", and (3) by striking out "is" each place it appears and inserting in lieu thereof "shall be". (b) Section 764(b) of title 11, United States Code, is amended by striking out "date of the filing of the petition" and inserting in lieu thereof "order for relief. (c) Section 764(c) of title 11, United States Code, is repealed. SEC. 18. Section 765(b) of title 11, United States Code, is amended by striking out "commitment" and inserting in lieu thereof "commodity contract". SEC. 19. (a) Section 766(a) of title 11, United States Code, is amended by inserting "to such customer" after "distribution". (b) Section 766(b) of title 11, United States Code, is amended— (1) by striking out "that is being actively traded as of the date of the filing of the petition", and (2) by inserting "the" after "rules o f. (c) Section 766(d) of title 11, United States Code, is amended— (1) by striking out "such amount, then the" and inserting in lieu thereof "the amount to which the customer of the debtor is entitled under subsection (h) or (i) of this section, then such", and (2) by inserting "then" after "trustee" the second place it appears. (d) Section 766(h) of title 11, United States Code, is amended by adding at the end thereof the following: "Notwithstanding any other provision of this subsection, a customer net equity claim based on a proprietary account, as defined by Commission rule, regulation, or order, may not be paid either in whole or in part, directly or indirectly, out of customer property unless all other customer net equity claims have been paid in full.".

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