Indiana § 28-14-3-19 Compensation for fiduciary services; counsel fees

Indiana Statutes

§ 28-14-3-19 — Compensation for fiduciary services; counsel fees

Indiana·Art. 14 CORPORATE FIDUCIARIES·Ch. 3 Powers and Duties

(a)A corporate fiduciary has the power to demand and receive, for the faithful performance and discharge of services performed under the powers vested in the corporate fiduciary by this article:

(1)reasonable compensation, or compensation as fixed by agreement of the parties;

(2)all advances necessarily paid out and expended in the discharge and performance of its duties; and

(3)unless otherwise agreed upon, interest at the legal rate on the advances referred to in subdivision (2).

(b)The advances referred to in subsection (a) may include the compensation paid for the employment of legal services when necessary for the protection of a trust or other fiduciary relation.

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(a) A corporate fiduciary has the power to
demand and receive, for the faithful performance and discharge of
services performed under the powers vested in the corporate fiduciary
by this article:
(1) reasonable compensation, or compensation as fixed by
agreement of the parties;
(2) all advances necessarily paid out and expended in the
discharge and performance of its duties; and
(3) unless otherwise agreed upon, interest at the legal rate on the
advances referred to in subdivision (2).
(b) The advances referred to in subsection (a) may include the
compensation paid for the employment of legal services when
necessary for the protection of a trust or other fiduciary relation.

Indiana § 28-14-3-19 (Compensation for fiduciary services; counsel fees) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.