3B:18-33. When rates of corpus commissions on termination of trusts or guardianship effective
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/nj/title-3b/chapter-18/3b-18-33A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
With respect to the computation of corpus commissions pursuant to N.J.S. 3B:18-28 as to all corpus held by a fiduciary on February 29, 1980, the commissions which may be taken shall be the greater of
(i)the commission permitted by law effective prior to February 29, 1980, or
(ii)the commission computed pursuant to N.J.S. 3B:18-28; provided that the "annual commissions authorized" to be take for yearly periods ending prior to February 29, 1980, shall be at the rate authorized by the applicable law in effect during that yearly period.
L.1981, c. 405, s. 3B:18-33, eff. May 1, 1982. Amended by L.1983, c. 394, s. 3, eff. Dec. 14, 1983.