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U.S. Code as of:
01/19/04
Section 1107. Rights, powers, and duties of debtor in possession
(a) Subject to any limitations on a trustee serving in a case
under this chapter, and to such limitations or conditions as the
court prescribes, a debtor in possession shall have all the rights,
other than the right to compensation under section 330 of this
title, and powers, and shall perform all the functions and duties,
except the duties specified in sections 1106(a)(2), (3), and (4) of
this title, of a trustee serving in a case under this chapter.
(b) Notwithstanding section 327(a) of this title, a person is not
disqualified for employment under section 327 of this title by a
debtor in possession solely because of such person's employment by
or representation of the debtor before the commencement of the
case.
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