WILLIAM DONALD SCHAEFER, Governor                    Ch. 162

$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] RECEIVED acknowledgement
of the receipt of the notice by the ascertained beneficiaries.

(b)  Accounting from July 1, 1981, whether or not the trust
was in existence at that time, income commissions are

(1)  6 percent upon all income from real estate,
ground rents, and mortgages collected in each year.

(2)  6 1/2 percent upon the first $10,000 of all other
income collected in each year, 5 percent upon the next $10,000, 4
percent upon the next $10,000, and 3 percent upon any remainder.

Income commissions shall be paid from and chargeable against
income. Income collected includes any portion of income payable
to a trustee but withheld by the payor in compliance with any
revenue law.

(c)  Accounting from July 1, 1981, whether or not the trust
was in existence at that time, commissions are payable at the end
of each year upon the fair value of the corpus or principal held
in trust at the end of each year as follows:

(1)  Four tenths of one percent on the first $250,000,

(2)  One fourth of one percent on the next $250,000,

(3)  Three twentieths of one percent on the next
$500,000, and

(4)  One tenth of one percent upon any excess. Corpus
commissions shall be paid out of and chargeable against the
corpus.

If a trust terminates, with respect to all or any part of
the corpus held in trust in the course of any year, the
commission for that year shall be reduced or prorated according
to the part of the year elapsed and the amount of corpus as to
which the trust terminates, and be chargeable, for such part of a
year (and with respect to any such part of the corpus) at such
termination of the trust, upon the then value of the corpus.

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