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U.S. Code as of:
01/19/04
Section 1103. Powers and duties of committees
(a) At a scheduled meeting of a committee appointed under section
1102 of this title, at which a majority of the members of such
committee are present, and with the court's approval, such
committee may select and authorize the employment by such committee
of one or more attorneys, accountants, or other agents, to
represent or perform services for such committee.
(b) An attorney or accountant employed to represent a committee
appointed under section 1102 of this title may not, while employed
by such committee, represent any other entity having an adverse
interest in connection with the case. Representation of one or more
creditors of the same class as represented by the committee shall
not per se constitute the representation of an adverse interest.
(c) A committee appointed under section 1102 of this title may -
(1) consult with the trustee or debtor in possession concerning
the administration of the case;
(2) investigate the acts, conduct, assets, liabilities, and
financial condition of the debtor, the operation of the debtor's
business and the desirability of the continuance of such
business, and any other matter relevant to the case or to the
formulation of a plan;
(3) participate in the formulation of a plan, advise those
represented by such committee of such committee's determinations
as to any plan formulated, and collect and file with the court
acceptances or rejections of a plan;
(4) request the appointment of a trustee or examiner under
section 1104 of this title; and
(5) perform such other services as are in the interest of those
represented.
(d) As soon as practicable after the appointment of a committee
under section 1102 of this title, the trustee shall meet with such
committee to transact such business as may be necessary and proper.
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