---
kind: "section"
citation: "11 U.S.C. § 763"
title: "11"
title_heading: "Bankruptcy"
number: "763"
heading: "Treatment of accounts"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/11/763"
units:
  - "Chapter 7 — Liquidation"
  - "Subchapter IV — Commodity Broker Liquidation"
---

# §763. Treatment of accounts

- (a) Accounts held by the [debtor](/usc/11/101.md?p=13) for a particular [customer](/usc/11/761.md?p=9) in separate capacities shall be treated as accounts of separate [customers](/usc/11/761.md?p=9).
- (b) A member of a [clearing organization](/usc/11/761.md?p=2) shall be deemed to hold such member’s proprietary account in a separate capacity from such member’s [customers](/usc/11/761.md?p=9)’ account.
- (c) The [net equity](/usc/11/761.md?p=17) in a [customer](/usc/11/761.md?p=9)’s account may not be offset against the [net equity](/usc/11/761.md?p=17) in the account of any other [customer](/usc/11/761.md?p=9).

## 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.)

## Notes

### 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). Pub. L. 98–353 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 Pub. L. 98–353 effective with respect to cases filed 90 days after July 10, 1984, see section 552(a) of Pub. L. 98–353, set out as a note under section 101 of this title.