New Jersey Statutes
§ 3B:18-31 — Authorization in testator's will as to commissions exceeding legal rates
New Jersey·Title 3B ADMINISTRATION OF ESTATES--DECEDENTS AND OTHERS
No commissions in excess of those authorized in this article shall be paid to a fiduciary acting as a trustee under a will unless the testator, in his last will acknowledges that he is aware of the commissions specified in this article and expressly authorizes payment of commissions in excess thereof. The absence of an express authorization to pay excess commissions shall not preclude the court from allowing commissions as provided in N.J.S. 3B:18-29. L.1981, c. 405, s. 3B:18-31, eff. May 1, 1982.
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Nearby Sections
15
§ 3B:18-10
Notice to recipient of property§ 3B:18-12
Definition of fiduciary§ 3B:18-13
Income commissions§ 3B:18-14
Corpus commissions.§ 3B:18-21
Burden of proving value§ 3B:18-23
"Fiduciary" defined§ 3B:18-24
Income commissions