Federal · Title 11 — Bankruptcy
11 U.S.C. § 345: Money of estates
Read the full statutory text
A trustee in a case under this title may make such deposit or investment of the money of the estate for which such trustee serves as will yield the maximum reasonable net return on such money, taking into account the safety of such deposit or investment. in favor of the United States; secured by the undertaking of a corporate surety approved by the United States trustee for the district in which the case is pending; and a proper accounting for all money so deposited or invested and for any return on such money; prompt repayment of such money and return; and faithful performance of duties as a depository; or the deposit of securities of the kind specified in section 9303 of title 31 ; An entity with which such moneys are deposited or invested is authorized to deposit or invest such moneys as may be required under this section.
Verify at the official source: Federal legislative text
Facing this? Know exactly what happens next.
MOFRD turns this code section into your situation: the deadlines that apply to you, the forms your county uses, and the resolution paths people in your position actually take. Free for 3 days — no card required.
This page is legal information, not legal advice. Code text is sourced from official publications and may lag amendments — always confirm at the official source linked above. Plain-English summaries and relationship data are AI-derived and reviewed on an ongoing basis; verify with a licensed attorney before acting.