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.

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  • 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

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