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11 U.S.C. § 322

Section 322 · Qualification of trustee

Current version, with additions and removals from the May 7, 2009 version.

Current — August 23, 2019
As of May 7, 2009

(a) Except as provided in subsection (b)(1), a person selected under section 701, 702, 703, 1104, 1163, 1202, or 1302 of this title to serve as trustee in a case under this title qualifies if before seven days after such selection, and before beginning official duties, such person has filed with the court a bond in favor of the United States conditioned on the faithful performance of such official duties.

(b)(1) The United States trustee qualifies wherever such trustee serves as trustee in a case under this title.

(2) The United States trustee shall determine—

(A) the amount of a bond required to be filed under subsection (a) of this section; and

(B) the sufficiency of the surety on such bond.

(c) A trustee is not liable personally or on such trustee's bond in favor of the United States for any penalty or forfeiture incurred by the debtor.

(d) A proceeding on a trustee's bond may not be commenced after two years after the date on which such trustee was discharged.

(a)

Except as provided in subsection (b)(1), a person selected under section 701, 702, 703, 1104, 1163, 1183, 1202, or 1302 of this title to serve as trustee in a case under this title qualifies if before seven days after such selection, and before beginning official duties, such person has filed with the court a bond in favor of the United States conditioned on the faithful performance of such official duties.

(b)
(1)

The United States trustee qualifies wherever such trustee serves as trustee in a case under this title.

(2)

The United States trustee shall determine—

(A)

the amount of a bond required to be filed under subsection (a) of this section; and

(B)

the sufficiency of the surety on such bond.

(c)

A trustee is not liable personally or on such trustee’s bond in favor of the United States for any penalty or forfeiture incurred by the debtor.

(d)

A proceeding on a trustee’s bond may not be commenced after two years after the date on which such trustee was discharged.

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