Section 782 - Selection of Trustee


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


Selection of Trustee - Section 782
11 USCS § 782


(a) In general.
   (1) Appointment. Notwithstanding any other provision of this title, the conservator or receiver who files the petition shall be the trustee under this chapter [11 USCS §§ 701 et seq.], unless the Board designates an alternative trustee.
   (2) Successor. The Board may designate a successor trustee if required.
 
(b) Authority of trustee.  Whenever the Board appoints or designates a trustee, chapter 3 [11 USCS §§ 301 et seq.] and sections 704 and 705 of this title [11 USCS §§ 704 and 705] shall apply to the Board in the same way and to the same extent that they apply to a United States trustee.

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