Title 11 — BankruptcyRelease 119-73
§782 Selection of trustee
Title 11 › Chapter CHAPTER 7— - LIQUIDATION › Subchapter SUBCHAPTER V— - CLEARING BANK LIQUIDATION › § 782
Summary
If a conservator or receiver files the petition, that conservator or receiver will be the trustee for the case unless the Board names someone else. The Board can also pick a new trustee later if it needs to. When the Board appoints or names a trustee, the Board must follow the rules in chapter 3 and in sections 704 and 705 the same way a United States trustee would.
Full Legal Text
Title 11, §782
Bankruptcy — Source: USLM XML via OLRC
(a)(1)Notwithstanding any other provision of this title, the conservator or receiver who files the petition shall be the trustee under this chapter, unless the Board designates an alternative trustee.
(2)The Board may designate a successor trustee if required.
(b)Whenever the Board appoints or designates a trustee, chapter 3 and section 704 and 705 of this title shall apply to the Board in the same way and to the same extent that they apply to a United States trustee.
Reference
Citations & Metadata
Citation
11 U.S.C. § 782
Title 11 — Bankruptcy
Last Updated
Apr 6, 2026
Release point: 119-73