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New Jersey Statutes, Title: 3B, ADMINISTRATION OF ESTATES--DECEDENTS AND OTHERS
Chapter 11: Creator's reserved interest in trust alienable subject to creditors' claims
Section: 3B:11-25: No compensation
Notwithstanding any other provision of law to the contrary, no trustee may be compensated for services provided as a member of the board of a community trust. No fees or commissions shall be paid to these trustees; however, a trustee may be paid for necessary expenses incurred by the trustee and may receive indemnification as permitted under Title 15A of the New Jersey Statutes.
L. 1985, c. 424, s. 7.
This section added to the Rutgers Database: 2013-06-10 16:36:30.
Older versions of 3b:11-25 (if available):
Court decisions that cite this statute: