11 U.S.C. § 345 : US Code - Section 345: Money of estates

Search 11 U.S.C. § 345 : US Code - Section 345: Money of estates

(a) A trustee in a case under this title may make such deposit or
investment of the money of the estate for which such trustee serves
as will yield the maximum reasonable net return on such money,
taking into account the safety of such deposit or investment.
(b) Except with respect to a deposit or investment that is
insured or guaranteed by the United States or by a department,
agency, or instrumentality of the United States or backed by the
full faith and credit of the United States, the trustee shall
require from an entity with which such money is deposited or
invested -
(1) a bond -
(A) in favor of the United States;
(B) secured by the undertaking of a corporate surety approved
by the United States trustee for the district in which the case
is pending; and
(C) conditioned on -
(i) a proper accounting for all money so deposited or
invested and for any return on such money;
(ii) prompt repayment of such money and return; and
(iii) faithful performance of duties as a depository; or
(2) the deposit of securities of the kind specified in section
9303 of title 31;
unless the court for cause orders otherwise.
(c) An entity with which such moneys are deposited or invested is
authorized to deposit or invest such moneys as may be required
under this section.