disinterested person


disinterested person
USA
In the context of bankruptcy, a person that satisfies all of the following criteria:
• Is not a creditor, shareholder, or an insider.
• Is not and was not within two years before the date of the filing of the petition, a director, officer, or employee of the debtor.
• Does not have an interest materially adverse to the interests of the estate or of any class of creditors or shareholders, by reason of any direct or indirect relationship to, connection with, or interest in, the debtor or for any other reason.
(§101(14), Bankruptcy Code.)

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • disinterested person — Under Title 11 U.S.C. Section 101: (14) The term disinterested person means a person that (A) is not a creditor, an equity security holder, or an insider; (B) is not and was not, within 2 years before the date of the filing of the petition, a… …   Glossary of Bankruptcy

  • disinterested — dis·in·ter·est·ed /dis in tə rəs təd, in trəs , in tə ˌres / adj: free of any interest esp. of a pecuniary nature: impartial a disinterested person to witness the will Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • disinterested, uninterested —     Gerulaitis, after appearing almost disinterested in the first set, took a 5 1 lead in the second (New York Times). A participant in a tennis match might appear uninterested, but he would be unlikely to be disinterested, which means neutral… …   Dictionary of troublesome word

  • disinterested, uninterested —     Gerulaitis, after appearing almost disinterested in the first set, took a 5 1 lead in the second (New York Times). A participant in a tennis match might appear uninterested, but he would be unlikely to be disinterested, which means neutral… …   Dictionary of troublesome word

  • disinterested —  , uninterested  The first means neutral, the second not caring. A disinterested person is one who has no stake in the outcome of an event; an uninterested person is one who doesn’t care. As with discomfit, discomfort (see above), the distinction …   Bryson’s dictionary for writers and editors

  • Industrial Conciliation —     Industrial Conciliation     † Catholic Encyclopedia ► Industrial Conciliation     Industrial Conciliation is the discussion and adjustment of mutual differences by employers and employees or their representatives. Arbitration (q. v.) implies… …   Catholic encyclopedia

  • competent arbitrator — Any disinterested person, whatever his or her legal status may be, except as qualifications are prescribed in the agreement for arbitration in which case only persons who meet the prescribed qualifications are competent. 5 Am J2d Arb & A § 97. As …   Ballentine's law dictionary

  • arbitrator — ar·bi·tra·tor / är bə ˌtrā tər/ n: an impartial person or group that is given the power by disputing parties to resolve their dispute compare mediator Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • proper independent advice — Advice by a competent and disinterested person. Zwirtz v Dorl, 123 Okla 284, 253 P 75 …   Ballentine's law dictionary

  • aesthetics — /es thet iks/ or, esp. Brit., /ees /, n. (used with a sing. v.) 1. the branch of philosophy dealing with such notions as the beautiful, the ugly, the sublime, the comic, etc., as applicable to the fine arts, with a view to establishing the… …   Universalium

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.