11 USC § 744 - Executory contracts

---
identifier: "/us/usc/t11/s744"
source: "usc"
legal_status: "official_legal_evidence"
title: "11 USC § 744 - Executory contracts"
title_number: 11
title_name: "BANKRUPTCY"
section_number: "744"
section_name: "Executory contracts"
chapter_number: 7
chapter_name: "LIQUIDATION"
subchapter_number: "III"
subchapter_name: "STOCKBROKER LIQUIDATION"
positive_law: true
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Pub. L. 95–598, Nov. 6, 1978, 92 Stat. 2613; Pub. L. 97–222, § 10, July 27, 1982, 96 Stat. 238.)"
---


# § 744. Executory contracts

section 365(d)(1) of this titlesection 365 of this title

Notwithstanding , the trustee shall assume or reject, under , 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.

---

**Source Credit**: (Pub. L. 95–598, Nov. 6, 1978, 92 Stat. 2613; Pub. L. 97–222, § 10, July 27, 1982, 96 Stat. 238.)

### Historical and Revision Notes

### senate report no. 95–989

Section 744 instructs the court to give the trustee a reasonable time, not to exceed 30 days, to assume or reject any executory contract of the stockbroker to buy or sell securities. Any contract not assumed within the time fixed by the court is considered to be rejected.

## Editorial Notes

### Amendments

1982— inserted “but” after “relief,”.