Title 11, BankruptcyRelease 119-110
§782 Selection of Trustee
Title 11 › CHAPTER 7 — LIQUIDATION › SUBCHAPTER V — CLEARING BANK LIQUIDATION › § 782
Summary
When a conservator or receiver files the petition, that person becomes the trustee under this chapter unless the Board picks someone else. The Board may also name a successor trustee if needed. When the Board appoints or names a trustee, chapter 3 and sections 704 and 705 of this title apply to the Board the same way they apply to a United States trustee.
Full Legal Text
Title 11, §782
Bankruptcy, Source: USLM XML via OLRC
(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, 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 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
Sep 22, 2026
Release point: 119-110