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U.S. Code as of:
01/19/04
Section 326. Limitation on compensation of trustee
(a) In a case under chapter 7 or 11, the court may allow
reasonable compensation under section 330 of this title of the
trustee for the trustee's services, payable after the trustee
renders such services, not to exceed 25 percent on the first $5,000
or less, 10 percent on any amount in excess of $5,000 but not in
excess of $50,000, 5 percent on any amount in excess of $50,000 but
not in excess of $1,000,000, and reasonable compensation not to
exceed 3 percent of such moneys in excess of $1,000,000, upon all
moneys disbursed or turned over in the case by the trustee to
parties in interest, excluding the debtor, but including holders of
secured claims.
(b) In a case under chapter 12 or 13 of this title, the court may
not allow compensation for services or reimbursement of expenses of
the United States trustee or of a standing trustee appointed under
section 586(b) of title 28, but may allow reasonable compensation
under section 330 of this title of a trustee appointed under
section 1202(a) or 1302(a) of this title for the trustee's
services, payable after the trustee renders such services, not to
exceed five percent upon all payments under the plan.
(c) If more than one person serves as trustee in the case, the
aggregate compensation of such persons for such service may not
exceed the maximum compensation prescribed for a single trustee by
subsection (a) or (b) of this section, as the case may be.
(d) The court may deny allowance of compensation for services or
reimbursement of expenses of the trustee if the trustee failed to
make diligent inquiry into facts that would permit denial of
allowance under section 328(c) of this title or, with knowledge of
such facts, employed a professional person under section 327 of
this title.
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