Notwithstanding any other provision of this title, the exercise of rights by a forward contract merchant, commodity broker, stockbroker, financial institution, financial participant, securities clearing agency, swap participant, repo participant, or master netting agreement participant under this title shall not affect the priority of any unsecured claim it may have after the exercise of such rights.
Pub. L. 109–8, title IX, § 907(m)119 Stat. 181(Added , , .)
Statutory Notes and Related Subsidiaries
Effective Date
section 1501 of Pub. L. 109–8section 101 of this titleSection effective 180 days after , and not applicable with respect to cases commenced under this title before such effective date, except as otherwise provided, see , set out as an Effective Date of 2005 Amendment note under .