---
kind: "section"
citation: "11 U.S.C. § 751"
title: "11"
title_heading: "Bankruptcy"
number: "751"
heading: "Customer name securities"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/11/751"
units:
  - "Chapter 7 — Liquidation"
  - "Subchapter III — Stockbroker Liquidation"
---

# §751. Customer name securities


The trustee shall deliver any [customer name security](/usc/11/741.md?p=3) to or on behalf of the [customer](/usc/11/741.md?p=2) entitled to such [security](/usc/11/101.md?p=49), unless such [customer](/usc/11/741.md?p=2) has a negative [net equity](/usc/11/741.md?p=6). With the approval of the trustee, a [customer](/usc/11/741.md?p=2) may reclaim a [customer name security](/usc/11/741.md?p=3) after payment to the trustee, within such period as the trustee allows, of any [claim](/usc/11/101.md?p=5) of the [debtor](/usc/11/101.md?p=13) against such [customer](/usc/11/741.md?p=2) to the extent that such [customer](/usc/11/741.md?p=2) will not have a negative [net equity](/usc/11/741.md?p=6) after such payment.


## Source credit

(Pub. L. 95–598, Nov. 6, 1978, 92 Stat. 2614.)

## Notes

### Historical and Revision Notes

### senate report no. 95–989

Section 751 requires the trustee to deliver a customer name security to the customer entitled to such security unless the customer has a negative net equity. The customer’s net equity will be negative when the amount owed by the customer to the stockbroker exceeds the liquidation value of the non-customer name securities in the customer’s account. If the customer is a net debtor of the stockbroker, then the trustee may permit the customer to repay debts to the stockbroker so that the customer will no longer be in debt to the stockbroker. If the customer refuses to pay such amount, then the court may order the customer to endorse the security in order that the trustee may liquidate such property.