11 U.S.C. § 703 — Successor trustee
submitted 48 years ago by Pub. L. 95-598 to r/title-11-BANKRUPTCY · 184 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
If a trustee dies or resigns during a case, fails to qualify under section 322 of this title, or is removed under section 324 of this title, creditors may elect, in the manner specified in section 702 of this title, a person to fill the vacancy in the office of trustee.
Pending election of a trustee under subsection (a) of this section, if necessary to preserve or prevent loss to the estate, the United States trustee may appoint an interim trustee in the manner specified in section 701(a).
If creditors do not elect a successor trustee under subsection (a) of this section or if a trustee is needed in a case reopened under section 350 of this title, then the United States trustee—
shall appoint one disinterested person* that is a member of the panel of private trustees established under section 586(a)(1) of title 28 to serve as trustee in the case; or
may, if none of the disinterested members of such panel is willing to serve as trustee, serve as trustee in the case.
Source credit: (Pub. L. 95–598, Nov. 6, 1978, 92 Stat. 2605; Pub. L. 98–353, title III, § 473, July 10, 1984, 98 Stat. 381; Pub. L. 99–554, title II, § 216, Oct. 27, 1986, 100 Stat. 3100.)
- 1978Enacted · Pub. L. 95-598 · 92 Stat. 2605
- 1984Amended · Pub. L. 98-353 · 98 Stat. 381
- 1986Amended · Pub. L. 99-554 · 100 Stat. 3100
A history note hasn’t been published yet. The record shows enactment by Pub. L. 95-598 on 1978-11-06.
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