Federal · Title 11 — Bankruptcy
11 U.S.C. § 322: Qualification of trustee
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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. The United States trustee qualifies wherever such trustee serves as trustee in a case under this title. the amount of a bond required to be filed under subsection (a) of this section; and the sufficiency of the surety on such bond. 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. 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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