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2019 New Jersey Revised Statutes
Title 3B - Administration of Estates--Decedents and Others
Section 3B:11-17 - Trustees' commission
Universal Citation: NJ Rev Stat § 3B:11-17 (2019)
3B:11-17. Trustees' commission
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.
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