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New Jersey Statutes, Title: 3B, ADMINISTRATION OF ESTATES--DECEDENTS AND OTHERS

    Chapter 18: Commissions of nontestamentary trustee

      Section: 3B:18-17: Taking annual amounts on account of corpus commissions

           Fiduciaries may annually, without court allowance, take sums as follows on account of corpus commissions: if there is but one fiduciary, the amount so taken may equal one-fifth of 1\% of the value of the corpus and, if there are two or more fiduciaries, the amount so taken may equal the commissions which may be taken pursuant to this section when there is but one fiduciary, plus one-fifth of the commissions for each fiduciary more than one.

L.1981, c. 405, s. 3B:18-17, eff. May 1, 1982.



This section added to the Rutgers Database: 2013-06-10 16:36:30.






Older versions of 3b:18-17 (if available):



Court decisions that cite this statute: CLICK HERE.