1686                                      LAWS OF MARYLAND                                    Ch. 183

amount and source of payment of commissions are subject to
the provisions of any valid agreement. Any court having
jurisdiction over the administration of the trust may
increase or diminish commissions for sufficient cause or may
allow special commissions or compensation for services of an
unusual nature.

(2) A schedule of increased rates of income
commissions and corpus commissions on accounts having a
value of [$150,000] $250,000 or more may be charged by a
trustee whose activities are subject to State or federal
supervision or who is a member of the Maryland Bar and who
has:

(i) Filed a schedule of the increased
rates of commissions with an appropriate agency;

(ii) Given notice of the scheduled rates
or revisions to the ascertained beneficiaries of the
affected trust; and

(iii) Has received acknowledgement of the
receipt of the notice by the ascertained beneficiaries.

(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 $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[;]

(ii) All other trustees, including
attorneys and State chartered and national banks shall file
with the State Bank Commissioner.

(3)   In a trust involving multiple trustees and
more than one of the trustees may be entitled to file a
schedule of increased rates, the controlling schedule will
be the schedule filed by the trustee having custody of the
assets and maintaining records of the trust.