11 USC § 763 - Treatment of accounts

---
identifier: "/us/usc/t11/s763"
source: "usc"
legal_status: "official_legal_evidence"
title: "11 USC § 763 - Treatment of accounts"
title_number: 11
title_name: "BANKRUPTCY"
section_number: "763"
section_name: "Treatment of accounts"
chapter_number: 7
chapter_name: "LIQUIDATION"
subchapter_number: "IV"
subchapter_name: "COMMODITY BROKER 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. 2618; Pub. L. 98–353, title III, § 486, July 10, 1984, 98 Stat. 383.)"
---


# § 763. Treatment of accounts

**(a)** Accounts held by the debtor for a particular customer in separate capacities shall be treated as accounts of separate customers.

**(b)** A member of a clearing organization shall be deemed to hold such member’s proprietary account in a separate capacity from such member’s customers’ account.

**(c)** The net equity in a customer’s account may not be offset against the net equity in the account of any other customer.

---

**Source Credit**: (Pub. L. 95–598, Nov. 6, 1978, 92 Stat. 2618; Pub. L. 98–353, title III, § 486, July 10, 1984, 98 Stat. 383.)

### Historical and Revision Notes

### senate report no. 95–989

Section 763 provides for separate treatment of accounts held in separate capacities. A deficit in one account held for a customer may not be offset against the net equity in another account held by the same customer in a separate capacity or held by another customer.

## Editorial Notes

### Amendments

1984—Subsec. (a).  substituted “by the debtor for” for “by” and “treated as” for “deemed to be”.

## Statutory Notes and Related Subsidiaries

### Effective Date of 1984 Amendment

Amendment by  effective with respect to cases filed 90 days after , see , set out as a note under .