Sec. 405. PREEMPTION
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/statute-compilations/comps-10658/sec-405A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
## SEC. 405 PREEMPTION **[**[12 U.S.C. 4405](/us/usc/t12/s4405)**]** 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 403 and 404.
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U.S. Code