§ 4406. — Relationship to other payments systems.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC4406]
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
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, Sec. 406, Dec. 19, 1991, 105 Stat. 2375.)
