Section 701 - Interim Trustee

Title 11 of the United States Code - Bankruptcy
LIQUIDATION – CHAPTER 7

Interim Trustee- Section 701

11 USCS § 701



(a) (1) Promptly after the order for relief under this chapter, 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 [28 USCS § 586(a)(1)] or that is serving as trustee in the case immediately before the order for relief under this chapter to serve as interim trustee in the case.
   (2) If none of the members of such panel is willing to serve as interim trustee in the case, then the United States trustee may serve as interim trustee in the case.
 
(b) The service of an interim trustee under this section terminates when a trustee elected or designated under section 702 of this title [11 USCS § 702] to serve as trustee in the case qualifies under section 322 of this title [11 USCS § 322].
 
(c) An interim trustee serving under this section is a trustee in a case under this title [11 USCS §§ 101 et seq.].


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