(a) Accounting Required. Any custodian required by the Code to deliver property in the custodian’s possession or control to the trustee shall promptly file and transmit to the United States trustee a report and account with respect to the property of the estate and the administration thereof.
(b) Examination of Administration. On the filing and transmittal of the report and account required by subdivision (a) of this rule and after an examination has been made into the superseded administration, after notice and a hearing, the court shall determine the propriety of the administration, including the reasonableness of all disbursements.
(As amended Mar. 30, 1987, eff. Aug. 1, 1987; Apr. 30, 1991, eff. Aug. 1, 1991; Apr. 22, 1993, eff. Aug. 1, 1993.)
added in current removed in current
Compared to current version (2025).
(a) Accounting RequiredCustodian ’ s Report and Account. Any custodian required by the Code to deliver property in the custodian’s possession or control to the trustee shallmust promptly file and transmitsend to the United States trustee a report and account with respect toabout the property of the estate and theits administration thereof.
(b) Examination ofing the Administration. On the filing and transmittal of the report and account required by subdivision (a) of this ruAfter the custodian’s report and account has been filed and after an examination has been made into the superseded administration, after notice and a hearing, the court shall determine the propriety of the administration, including the reasonableness of all disbursementsthe superseded administration has been examined, the court must, after notice and a hearing, determine whether the custodian’s administration has been proper, including whether disbursements have been reasonable.
(As amended Mar. 30, 1987, eff. Aug. 1, 1987; Apr. 30, 1991, eff. Aug. 1, 1991; Apr. 22, 1993, eff. Aug. 1, 1993; Apr. 2, 2024, eff. Dec. 1, 2024.)