Compensation and expenses of trustee
Sec. 5. This chapter shall not be construed to prohibit a trustee
under section 1(a) of this chapter from being reimbursed and
receiving from the fund its reasonable expenses in the custody and
administration of the funds and the usual and reasonable
compensation for its services as the trustee. However, the expenses
and compensation shall be fixed by the state board of funeral service
in a reasonable amount based upon the principal fund and the
earnings of the fund deposited or invested under each of the
agreements or series of agreements. A financial institution trustee
under section 1.5 of this chapter may be reimbursed for its
reasonable expenses from the fund, except the amount shall be fixed
by the Indiana department of financial institutions.
(Formerly: Acts 1963, c.303, s.5.) As amended by Acts 1978,
P.L.133, SEC.6; P.L.246-1985, SEC.22.
Last modified: May 27, 2006