Federal · Title 11 — Bankruptcy
11 U.S.C. § 744: Executory contracts
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Notwithstanding section 365(d)(1) of this title , the trustee shall assume or reject, under section 365 of this title , 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.
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