12 U.S.C.
United States Code, 2022 Edition
Title 12 - BANKS AND BANKING
CHAPTER 45 - PAYMENT SYSTEM RISK REDUCTION
SUBCHAPTER I - BILATERAL AND CLEARING ORGANIZATION NETTING
Sec. 4405 - Preemption
From the U.S. Government Publishing Office, www.gpo.gov

§4405. Preemption

No stay, injunction, avoidance, moratorium, or similar proceeding or order, whether issued or granted by a court, administrative agency, or otherwise, shall limit or delay application of otherwise enforceable netting contracts in accordance with sections 4403 and 4404 of this title.

(Pub. L. 102–242, title IV, §405, Dec. 19, 1991, 105 Stat. 2375.)