Page:United States Statutes at Large Volume 52.djvu/904

 52 STAT.] 75TH CONG. , 3D SESS.-CH. 575-JUNE 22, 1938 863 like services. Such compensation shall be computed upon all moneys disbursed or turned over by him to any persons, including lienholders, upon all moneys to be paid to unsecured creditors upon the confirma- tion of the arrangement and thereafter, pursuant to the terms of the arrangement, and where under the arrangement any part of the con- sideration to be paid is other than money, upon the amount of the fair value of such consideration: Provided, however, That the court may, Pr t of com- in respect to all moneys to be paid to such unsecured creditors after pensation. the confirmation of the arrangement, prescribe such time for the pay- ment of the compensation computed thereon as in the particular case may be fair and equitable. "g. PLANS OF REORGANIZATION.- In the case of a plan of reorganiza- Plans of reorganiza- tion confirmed under this Act, the compensation of a marshal, receiver, or trustee, in a prior pending bankruptcy proceeding superseded by the reorganization proceeding shall be the same as hereinabove pro- vided for a marshal, receiver, or trustee, as the case may be, for like services. Such compensation shall be computed upon all moneys disbursed or turned over by him to any persons, including lien- holders, upon all moneys to be paid to unsecured creditors upon the consummation of the plan of reorganization and thereafter, pursuant to the terms of the plan of reorganization, and where under the plan of reorganization any part of the consideration to be paid to unse- cured creditors is other than money, upon the amount of the fair value of such consideration: Provided, however, That the court may, in Payment of corn- respect to the moneys to be paid to such unsecured creditors after the pensation. consummation of the plan of reorganization, prescribe such time for the payment of the compensation computed thereon as in the particular case may be fair and equitable. "SEC. 49. ACCOUNTS AND PAPERS OF RECEIVERS AND TRUSTEES.-The couInsa pestonof ae accounts and papers of receivers and trustees shall be open to the receivers and trustees. inspection of officers and all parties in interest. "SEC. 50. BoNDs. - a. Referees, before assuming the duties of their Bondso"refers. offices and within such time as the district courts of the United States having jurisdiction shall prescribe, shall qualify by entering into bond to the United States in such sum as shall be fixed by such courts, not to exceed $5,000, with such sureties as shall be approved by such courts conditioned for the faithful performance of their official duties. "b. Receivers and trustees, before entering upon the performance teceivers and tr u s- of their official duties and within five days after their appointment or within such further time, not to exceed five days, as the court may permit, shall qualify by entering into bond to the United States, with such sureties as shall be approved by the courts, conditioned for the faithful performance of their official duties. "c. The court shall fix the amount of receivers' and trustees' Amounts. bonds and may increase or decrease the amounts at any time when cause therefor appears. "d. The court shall require evidence as to the actual value of the Sureties. property of sureties. "e. There shall be at least two sureties upon each bond, except as provided in subdivision g of this section. "f. The actual value of the property of the sureties, over and above their liabilities and exemptions, on each bond shall equal at least the amount of such bond. "g. Corporations organized for the purpose of becoming sureties Accepte r- on bonds or authorized by law to do so may be accepted as sole ions as ties. sureties upon the bonds of referees, receivers, and trustees whenever the courts are satisfied that the rights of all parties in interest will be thereby amply protected.

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