trustee in bankruptcy
Defined in 3 dictionaries — Case Law, Cyclopedic (1922), Black's (1910)
Definitions from Case Law
From 282 U.S. 734 - Isaacs v. Hobbs Tie & Timber Co. · 1931Most cited · 1,084 citing opinions
Upon adjudication, title to the bankrupt's property vests in the trustee with actual or constructive possession, and is placed in the custody of the bankruptcy court. The title and right to possession of all property owned and possessed by the bankrupt vests in the trustee as of the date of the filing of the petition in bankruptcy, no matter whether situated within or without the district in which the court sits
The Cyclopedic Law Dictionary
Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922
A trustee in bankruptcy is a person in whom the property of a bankrupt is vested In trust for the creditors, not for the bankrupt. 10 tors, and for that purpose to examine the bankrupt's property, accounts, etc., to investigate proofs made by creditors, and to admit, reject, expunge, or reduce them, according to circumstances. He also has to keep various accounts of his dealings with the property, and of the course of the bankruptcy, which are audited by the committee of inspection and the comptroller in bankruptcy. Robson, 488.
Black's Law Dictionary
Henry Campbell Black, M.A. · 1910
A trustee in bankruptcy is a person in whom the property of a bankrupt is vested in trust for the creditors.
Defined under Trustee in Black's Law Dictionary.