Compensation of guardian; liquidation of loans or investments
Sec. 12. (a) Compensation payable to guardians shall:
(1) be based upon services rendered; and
(2) not exceed either five percent (5%) of the amount of moneys
received or such larger amount as may be established by the
court during the period covered by the account.
(b) In the event of extraordinary services by any guardian, the
court, upon petition and hearing thereon, may authorize reasonable
additional compensation for the services. A copy of the petition and
notice of hearing on the petition shall be given the proper office of
the department in the manner provided in the case of hearing on a
guardian's account or other pleading.
(c) No commission or compensation shall be allowed on the
moneys or other assets received from a prior guardian nor upon the
amount received from liquidation of loans or other investments.
(Formerly: Acts 1953, c.112, s.2012; Acts 1971, P.L.413, SEC.3.) As
amended by P.L.1-1990, SEC.271.
Last modified: May 27, 2006