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11 U.S.C. · Bankruptcy
11 U.S.C. § 721

Authorization to operate business

Ch. 7 — LIQUIDATION
Title 11 U.S.C. ● ACTIVE Primary Source Ch. 7
Statutory Text

11 U.S.C. § 721 — Authorization to operate business

U.S.C. Title 11 - BANKRUPTCY 11 U.S.C. United States Code, 2023 Edition Title 11 - BANKRUPTCY CHAPTER 7 - LIQUIDATION SUBCHAPTER II - COLLECTION, LIQUIDATION, AND DISTRIBUTION OF THE ESTATE Sec. 721 - Authorization to operate business From the U.S. Government Publishing Office, www.gpo.gov

§721. Authorization to operate business

The court may authorize the trustee to operate the business of the debtor for a limited period, if such operation is in the best interest of the estate and consistent with the orderly liquidation of the estate.

(Pub. L. 95–598, Nov. 6, 1978, 92 Stat. 2606.)

Historical and Revision Notes senate report no. 95–989 This section is derived from section 2a(5) of the Bankruptcy Act [section 11(a)(5) of former title 11]. It permits the court to authorize the operation of any business of the debtor for a limited period, if the operation is in the best interest of the estate and consistent with orderly liquidation of the estate. An example is the operation of a watch company to convert watch movements and cases into completed watches which will bring much higher prices than the component parts would have brought.

Source: uscode.house.gov — public domain Official Source ↗
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◈ Machine-Readable Provenance Record Root-LD v1.0 · boisestandard.org
Federation ID
BS-USC11-SEC-7E3C03
Entity Class
STATUTE / FEDERAL-CODE-SECTION
Domain Signature
boisestandard.org
Citation
11 U.S.C. § 721
Jurisdiction
Federal — United States
Status
✓ ACTIVE
Source
PRIMARY-SOURCE
Source Verified
✓ TRUE
Content Hash
2c672f2c286c2b1b...
Semantic Edges
Pending — corpus passes queued
The statutory text of 11 U.S.C. § 721 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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← 11 U.S.C. § 707 11 U.S.C. § 722 →
Ch. 7 — LIQUIDATION
11 U.S.C. § 70111 U.S.C. § 70211 U.S.C. § 70311 U.S.C. § 70411 U.S.C. § 70511 U.S.C. § 70611 U.S.C. § 70711 U.S.C. § 72111 U.S.C. § 72211 U.S.C. § 72311 U.S.C. § 72411 U.S.C. § 72511 U.S.C. § 72611 U.S.C. § 72711 U.S.C. § 72811 U.S.C. § 74111 U.S.C. § 74211 U.S.C. § 74311 U.S.C. § 74411 U.S.C. § 74511 U.S.C. § 74611 U.S.C. § 74711 U.S.C. § 74811 U.S.C. § 74911 U.S.C. § 75011 U.S.C. § 75111 U.S.C. § 75211 U.S.C. § 75311 U.S.C. § 76111 U.S.C. § 762
11 U.S.C. — public domain ← All Legislation
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boisestandard.org → United States → Law → U.S. Code → Title 11 → 11 U.S.C. § 721