Common use of Customer Property Clause in Contracts

Customer Property. (a) The trustee shall distribute customer prop- erty ratably to customers on the basis and to the extent of such customers’ allowed net equity claims and in priority to all other claims, except claims of the kind specified in section 507(a)(2) of this title that are attributable to the admin- istration of such customer property.

Appears in 6 contracts

Samples: www.govinfo.gov, www.govinfo.gov, www.govinfo.gov

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