New Jersey § 3B:18-18 Value of assets for computing commissions taken annually

New Jersey Statutes

§ 3B:18-18 — Value of assets for computing commissions taken annually

New Jersey § 3B:18-18

Title 3BADMINISTRATION OF ESTATES--DECEDENTS AND OTHERS

This text of New Jersey § 3B:18-18 (Value of assets for computing commissions taken annually) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 3B:18-18 (2026).

Text

In computing the amount of commissions which may be taken annually pursuant to N.J.S. 3B:18-17, the value of any item of corpus at the time when the item is received by the fiduciary, referred to in this section as the "presumptive value" of the item, may be used as the value of the item, or, at the option of the fiduciary, the value of the item at the end of the period for which the commissions are taken may be used. L.1981, c. 405, s. 3B:18-18, eff. May 1, 1982.

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In computing the amount of commissions which may be taken annually pursuant to N.J.S. 3B:18-17, the value of any item of corpus at the time when the item is received by the fiduciary, referred to in this section as the "presumptive value" of the item, may be used as the value of the item, or, at the option of the fiduciary, the value of the item at the end of the period for which the commissions are taken may be used. L.1981, c. 405, s. 3B:18-18, eff. May 1, 1982.