72-38-708. Compensation of trustee.
94 words·~1 min read·
/mt/title-72/chapter-38/part-7/72-38-708·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
72-38-708 . Compensation of trustee.
(1)If the terms of a trust do not specify the trustee's compensation, a trustee is entitled to compensation that is reasonable under the circumstances.
(2)If the terms of a trust specify the trustee's compensation, the trustee is entitled to be compensated as specified, but the court may allow more or less compensation if:
(a)the duties of the trustee are substantially different from those contemplated when the trust was created; or
(b)the compensation specified by the terms of the trust would be unreasonably low or high.