New Jersey Statutes
§ 3B:11-25 — No compensation
New Jersey·Title 3B ADMINISTRATION OF ESTATES--DECEDENTS AND OTHERS
Notwithstanding any other provision of law to the contrary, no trustee may be compensated for services provided as a member of the board of a community trust. No fees or commissions shall be paid to these trustees; however, a trustee may be paid for necessary expenses incurred by the trustee and may receive indemnification as permitted under Title 15A of the New Jersey Statutes. L. 1985, c. 424, s. 7.
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Nearby Sections
15
§ 3B:11-11
Provision included in trust instruments governing split-interest trusts or private foundation trusts§ 3B:11-13
Construction of article§ 3B:11-15
Application of article§ 3B:11-16
Pooled trust accounts§ 3B:11-16.1
Definitions used in C.3B:11-16 et al.§ 3B:11-17
Trustees' commission§ 3B:11-18
Report; rules, regulations§ 3B:11-19
Short title§ 3B:11-2
Letters of trusteeship under a will§ 3B:11-20
Findings§ 3B:11-21
Purposes, policies.