### Question
How is the term protective decree defined?


### Answer
The term **protective decree** is defined in *15 U.S.C. § 78lll* as the following:

> a decree, issued by a court upon application of SIPC under section 78eee(a)(3) of this title, that the customers of a member of SIPC are in need of the protection provided under this chapter

#### Citation:
  - *15 U.S.C. § 78lll*
  - Heading: **CHAPTER 2B&ndash;1-SECURITIES INVESTOR PROTECTION**

