Blanket Bond; Proceedings on the Bond

U.S Code last checked for updates: Jan 30, 2025

Rule 2010.

(a)

Authorizing a Blanket Bond.

The United States trustee may authorize a blanket bond in the United States’ favor—conditioned on the faithful performance of a trustee’s official duties—to cover:

(1)

a person who qualifies as trustee in multiple cases; or

(2)

multiple trustees who qualify in a different case.

(b)

Proceedings on the Bond.

A party in interest may bring a proceeding in the United States’ name on a trustee’s bond for the use of the entity injured by the trustee’s breach of the condition.

(As amended Mar. 30, 1987, eff. Aug. 1, 1987; Apr. 30, 1991, eff. Aug. 1, 1991; Apr. 2, 2024, eff. Dec. 1, 2024.)