Act of May 10, 1966, Pub. L. 89-414, 80 Stat. 135
An Act To amend section 39b of the Bankruptcy Act so as to prohibit referees from acting as trustees or receivers in any proceeding under the Bankruptcy Act
Eighty-Ninth Congress, Session II · Approved May 10, 1966
Prohibits referees from acting as trustees or receivers. The amended second and third sentences of section 39b bar active full-time referees from practicing law and from acting as trustee or receiver in any proceeding under the Act, and bar part-time referees and referees receiving benefits under section 40d(1) from practicing as counsel or attorney or acting as trustee or receiver in any proceeding under the Act.
This is an unofficial transcription, prepared by Robert J. Pfister for ease of reading and copying. The authoritative text is the United States Statutes at Large.
United States Statutes at Large (PDF, 1 page) (opens in a new tab) Unofficial transcription (PDF, 1 page) (opens in a new tab)
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the second and third sentences of paragraph b of section 39 of the Bankruptcy Act (11 U.S.C. 67b) are amended to read as follows:
“Active full-time referees shall not exercise the profession or employment of counsel or attorney, or be engaged in the practice of law; nor act as trustee or receiver in any proceeding under this Act. Active part-time referees, and referees receiving benefits under paragraph (1) of subdivision d of section 40 of this Act, shall not practice as counsel or attorney nor act as trustee or receiver in any proceeding under this Act.”
Approved May 10, 1966.