Disinterested Person Law and Legal Definition
”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 director, officer, or employee of the debtor; and
(C) does not have an interest materially adverse to the interest of the estate or of any class of creditors or equity security holders, by reason of any direct or indirect relationship to, connection with, or interest in, the debtor, or for any other reason.” (11 USCS § 101)
Legal Definition list
Related Legal Terms
- Absent Person
- Accidental Personal Injury
- Accountable Personal Property
- Actio Personalis Moritur Cum Persona
- Action in Personam
- Actus Inceptus Cujus Perfectio Pendet Ex Voluntate Partium Revocari Potest, Si Autem Pendet Ex Voluntate Tertiae Personae, Vel Ex Contingenti, Revocar
- Adverse Personnel Action
- Affiliated Persons (Securities)
- Agency Designee [Administrative Personnel]
- Antisocial Personality Disorder
