N.J. Stat. § 3B:11-17: Trustees' commission
Where this section sits in the code
- TITLE 3B ADMINISTRATION OF ESTATES--DECEDENTS AND OTHERS
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.
Collected 2026-08-27T17:54:13Z. Source file · JSON