Article 742 — General Duties of the Trustee in Bankruptcy

1/ The trustee in bankruptcy shall, with the permission of the supervisory judge, sell all depreciable or perishable goods or property the preservation of which is costly; the supervisory judge shall fix the conditions and procedures for such sale. 2/ The trustee in bankruptcy shall collect receivables and deposit forthwith the proceeds in the bank account of the estate after deduction of costs and expenses authorized by the supervisory judge. 3/ The trustee in bankruptcy shall inform the supervisory judge of the progress of the proceedings at least every three months.