11 U.S.C. § 782 — Selection of trustee
submitted 26 years ago by Pub. L. 106-554 to r/title-11-BANKRUPTCY · 92 words · no verdicts yet
The conservator or receiver who files the petition normally becomes the trustee, unless the Board chooses another trustee. The Board may name a successor, and specified trustee rules apply to the Board when it appoints one.
(a) In general. (1) Appointment. Despite any other provision of this title, the conservator or receiver who files the petition is the trustee under this chapter unless the Board* designates another trustee. (2) Successor. The Board may designate a successor trustee if needed.
(b) Authority of trustee. Whenever the Board appoints or designates a trustee, chapter 3 and sections 704 and 705 of this title apply to the Board in the same way and to the same extent as they apply to a United States trustee.
Notwithstanding any other provision of this title, the conservator or receiver who files the petition shall be the trustee under this chapter, unless the Board* designates an alternative trustee.
The Board may designate a successor trustee if required.
Whenever the Board appoints or designates a trustee, chapter 3 and sections 704 and 705 of this title shall apply to the Board in the same way and to the same extent that they apply to a United States trustee.
Source credit: (Added Pub. L. 106–554, § 1(a)(5) [title I, § 112(c)(5)(B)], Dec. 21, 2000, 114 Stat. 2763, 2763A–394.)
- 2000Enacted · Pub. L. 106-554 · 114 Stat. 2763, 2763
A history note hasn’t been published yet. The record shows enactment by Pub. L. 106-554 on 2000-12-21.
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