Page:United States Statutes at Large Volume 52.djvu/903

 PUBLIC LAWS-CH. 575-JUNE 22, 1938 Conducting busi- (3) CONDUCTING BUSINEss. -Receivers appointed pursuant to clause (3) of section 2 of this Act who conduct the business of the bankrupt as provided in clause (5) of section 2 of this Act, shall receive such amount as may be allowed by the court, but in no event to exceed twice the maximum allowance permitted by paragraph (2) of this subdivision a. Ancillary receivers. "(4) ANCILLARY RECEIVERS. -T he compensation of ancillary receivers appointed pursuant to this Act shall be such amount as may be allowed by the court of ancillary jurisdiction, but in no event to exceed the maximum compensation permitted by paragraphs (1), (2), or (3) of this subdivision a, as the case may be, based upon assets in such ancillary jurisdiction. Marshals. "b. MaRsHALS. - T he compensation of marshals, payable after their services are rendered, shall be such amount as may be allowed by the court, but in no event to exceed the maximum allowance per- mitted for receivers for like services. Tr s tees "c. TRUSTEEs.- The compensation of trustees for their services, payable after they are rendered, shall be a fee of $5 for each estate, deposited with the clerk at the time the petition is filed in each case, except when a fee is not required from a voluntary bankrupt, and such further sum as the court may allow, as follows: Normal adminitra- " (1) NORMAL ADMINISTRATION. -When the trustee does not conduct . the business of the bankrupt, such sum as the court may allow, but in no event to exceed 6 per centum on the first $500 or less, 4 per centum on moneys in excess of $500 and not more than $1,500, 2 per centum on moneys in excess of $1,500, and not more than $10,000, and 1 per centum on moneys in excess of $10,000, upon all moneys disbursed or turned over by them to any persons, including PWeo. lienholders: Provided, however, That if in any case, after the trustee compensation allow- has paid all expenses of administration and has realized upon all s$.does no excee available assets, the maximum compensation allowable to him here- under does not exceed $100, the court may of its own motion allow the trustee a fee which with the commissions, if any, paid or to be paid him, shall not exceed $100. Conducting busi- "(2) CONDUCTING BUSINESS.- Trustees who conduct the business of the bankrupts as provided in clause (5) of section 2 of this Act shall receive such amount as may be allowed by the court, but in no event to exceed twice the maximum allowance permitted by paragraph (1) of this subdivision c. Apportionment of "d. APPORTIONMENT OF FEEs.- In the event of the appointment, con- currently or successively, of more than one receiver of an estate or of more than one ancillary receiver in the same jurisdiction, or in the event of the administration of an estate by three trustees instead of one trustee or by successive trustees, the court shall apportion the fees and commissions among such receivers, ancillary receivers, or trustees, as the case may be, according to the services actually rendered, so that there shall not be paid to any such group a greater amount than that to which one receiver, ancillary receiver, or trustee, respectively, would be entitled. penithhoding con- "e. WITHHOLDING COMPENSATION. -T he court may, in its discretion, withhold all compensation from any receiver, trustee, attorney, or any other person who has been removed from office or dismissed because of the unlawful sharing of fees or for any other cause. "f. AmRANGEMENTS. -In the case of an arrangement confirmed under this Act, the compensation of a marshal, receiver, or trustee in a prior pending bankruptcy proceeding superseded by the arrange- ment proceeding, or of a receiver appointed in an original proceeding for an arrangement under this Act, shall be the same as hereinabove provided for a marshal, receiver, or trustee, as the case may be, for [52 STAT.

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