Ch. 416

LAWS OF MARYLAND

(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.

(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 the circuit court 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 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.

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