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U.S. Code as of:
01/19/04
Section 322. Qualification of trustee
(a) Except as provided in subsection (b)(1), a person selected
under section 701, 702, 703, 1104, 1163, 1202, or 1302 of this
title to serve as trustee in a case under this title qualifies if
before five 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.
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