N.Y. Not-for-Profit Corporation Law § 1217: Commissions

§ 1217. Commissions.

(a) A receiver shall be entitled, in addition to his necessary

expenses, to such commissions upon the sums received and disbursed as

may be allowed by the court, as follows:

(1) On the first twenty thousand dollars, not exceeding five percent;

(2) On the next eighty thousand dollars, not exceeding two and

one-half percent; and

(3) On the remainder, not exceeding one percent.

(b) If the commissions of the receiver so computed do not amount to

one hundred dollars, the court in its discretion may allow such sum not

exceeding one hundred dollars as shall be reasonable.

(c) When more than one receiver shall be appointed, the compensation

herein provided shall be divided between them, as the court directs.