12 U.S.C.

United States Code, 2010 Edition

Title 12 - BANKS AND BANKING

CHAPTER 45 - PAYMENT SYSTEM RISK REDUCTION

SUBCHAPTER I - BILATERAL AND CLEARING ORGANIZATION NETTING

Sec. 4406 - Relationship to other payments systems

From the U.S. Government Publishing Office, www.gpo.gov


### §4406. Relationship to other payments systems

This chapter shall have no effect by implication or otherwise on the validity or legal enforceability of a netting arrangement of any payment system which is not subject to this chapter.

(Pub. L. 102–242, title IV, §406, Dec. 19, 1991, 105 Stat. 2375.)