Ch. 162                                LAWS OF MARYLAND

(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] THE CIRCUIT court [of equity in]
FOR 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 CIRCUIT 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 $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], SHALL FILE a, schedule of rates
under this subsection [shall file the, schedule] as follows:

(ii) [A] FOR savings and loan association [shall
file], with the State Director of the Division of Savings and
Loan Associations; [and]

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