trustee in bankruptcy
- One to whom the administration of a bankrupt estate is delegated and confided. 9 Am J2d Bankr § 621. The Bankruptcy Act specifies either one or three trustees for a bankrupt estate, and there is nothing in the Bankruptcy Act or the General Orders which supports the appointment of two or more than three trustees for an estate. Whenever three trustees have been appointed, the concurrence of at least two of them is necessary to the validity of their acts concerning the administration of the estate. 9 Am J2d Bankr § 623. See official trustee.
Ballentine's law dictionary. Anderson, W.S.. 1998.
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