2952

LAWS OF MARYLAND

Ch. 793

of the corpus) at such termination of the trust, upon the
then value of the corpus.

(d)  For selling real or leasehold property, a
commission upon the proceeds of the sale is payable at the
rate allowed by rule of court or statute to trustees
appointed to make sales under decrees or orders of a court
of equity in the county where the real or leasehold property
is situated, or if the property is located outside Maryland,
for selling similar property in the county where the trust
is being administered. The commission is payable from the
proceeds of the sale when collected.

(e)  Upon the final distribution of any trust estate,
or portion of it, an allowance is payable commensurate with
the labor and responsibility involved in making the
distribution, including the making of any division, the
ascertainment of the parties entitled, the ascertainment and
payment of taxes, and any necessary transfer of assets. The
allowance is subject to revision or determination by any
court of equity having jurisdiction. In the absence of
special circumstances the allowance shall be equal to one
half of one percent upon the fair value of the corpus
distributed.

(f)  In determining what is a single trust for the
application of the rates provided in this section, all
property held undivided under the terms of the will or other
instrument creating the trust shall be considered as a
single trust. After any shares have been set apart or
divided, to be held in separate trust, each separate trust
set apart shall be considered as a single trust.

(G) (1) INSTEAD OF THE RATES OF INCOME COMMISSIONS
AND CORPUS COMMISSIONS PROVIDED IN SUBSECTIONS (B) AND (C)
OF THIS SECTION, ON ACCOUNTS HAVING A VALUE OF $150,000
$250,000 OR MORE, A TRUSTEE MAY CHARGE REASONABLE
COMPENSATION CALCULATED IN ACCORDANCE WITH A SCHEDULE OF
RATES PREVIOUSLY FILED BY THE TRUSTEE WITH THE APPROPRIATE
AGENCY AS SPECIFIED IN PARAGRAPH (2) OF THIS SUBSECTION, IF
THE TRUSTEE IS:

(I)  A FINANCIAL INSTITUTION WHOSE
ACTIVITIES ARE SUBJECT TO SUPERVISION BY THIS STATE OR THE
FEDERAL GOVERNMENT OR WHICH IS AN INSTRUMENTALITY OF THE
UNITED STATES; OR

(II)  A MEMBER OF THE BAR OF THIS STATE.

(2) A TRUSTEE FILING A SCHEDULE OF RATES UNDER
THIS SUBSECTION SHALL FILE THE SCHEDULE AS FOLLOWS:

(I) A SAVINGS AND LOAN ASSOCIATION SHALL
FILE WITH THE STATE DIRECTOR OF THE DIVISION OF SAVINGS AND
LOAN ASSOCIATIONS; AND;