Federal · Title 11 — Bankruptcy
11 USC § 556: Contractual right to liquidate, terminate, or accelerate a commodities contract or forward contract
What this law says, in plain English
Commodity brokers and financial participants may liquidate, terminate, or accelerate commodity and forward contracts, and collect margin payments, without restriction from bankruptcy law or court orders.
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This page is legal information, not legal advice. Code text is sourced from official publications and may lag amendments — always confirm at the official source linked above. Plain-English summaries and relationship data are AI-derived and reviewed on an ongoing basis; verify with a licensed attorney before acting.