United States Code Title 11 — Bankruptcy

§ 322. Qualification of trustee

§ 322.

Qualification of trustee

(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.