onecle - legal research

Court Opinions

State Laws

US Code

US Constitution

New Jersey Statutes - Title 3B Administration of Estates--decedents and Others - 3B:11-17 Trustees' commission

Legal Research Home > New Jersey Laws > Administration of Estates Decedents and Others > New Jersey Statutes - Title 3B Administration of Estates--decedents and Others - 3B:11-17 Trustees' commission

3B:11-17. Trustees' commission
2. The trustees of a pooled trust fund established pursuant to section 1 of this act for the benefit of not less than 200 purchasers or intended funeral recipients shall be entitled to a commission of not more than 1% per annum of the corpus of the trust fund. The trustees of a pooled trust fund for the benefit of less than 200 purchasers or intended funeral recipients shall not be entitled to any commission. All expenses incurred in the administration of such a trust or the services rendered thereby shall be deducted from income received by the trustees and in no event shall the trustees invade the corpus of the trust funds.

L.1985,c.147,s.2; amended 1993,c.147,s.21.

Sections:  Previous  11-11  11-12  11-13  11-14  11-15  11-16  11-16.1  11-17  11-18  11-19  11-20  11-21  11-22  11-23  11-24  Next

Speak with a Lawyer in New Jersey

Last modified: March 22, 2014