Ch. 162                                  LAWS OF MARYLAND

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1987.

Approved April 29, 1987.

CHAPTER 162

(Senate Bill 361)

AN ACT concerning

Trustees - Schedules of Commissions

FOR the purpose of requiring trustees who administer estates
under the jurisdiction of courts to file with the trust
clerks of the courts certain schedules of increased rates of
income and corpus commissions; changing certain
cross-references to clarify that this filing does not affect
the applicability of the schedules; clarifying references to
certain courts; and clarifying language.

BY repealing and reenacting, with amendments,

Article -Estates and Trusts

Section 14-103

Annotated Code of Maryland

(1974 Volume and 1986 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of. Maryland read as follows:

Article - Estates and Trusts

14-103.

(a) (1) A testamentary trustee and trustee of any other
trust whose duties comprise the collection and distribution of
income from property held under a trust agreement or the
preservation and distribution of the property are entitled to
commissions provided for in this section for their services in
administering the trusts. The 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

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