§ 29-1-19-12 — Compensation of guardian; liquidation of loans or investments

(a) Compensation payable to guardians shall:
(1) be based upon services rendered; and
(2) not exceed either five percent (5%) of the amount of moneys
received or such larger amount as may be established by the court
during the period covered by the account.
(b) In the event of extraordinary services by any guardian, the court,
upon petition and hearing thereon, may authorize reasonable additional
compensation for the services. A copy of the petition and notice of
hearing on the petition shall be given the proper office of the
department in the manner provided in the case of hearing on a
guardian's account or other pleading.
(c) No commission or compensation shall be allowed on the moneys
or other assets received from a prior guardian nor upon the amount
received from liquidation of loans or other investments.
Formerly: Acts 1953, c.112, s.2012; Acts 1971, P.L.413, SEC.3.
As amended by P.L.1-1990, SEC.271.