Indiana Code 28-14-3-19. Compensation for fiduciary services; counsel fees
Current as of: 2024 | Check for updates
|
Other versions
Sec. 19. (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:
(2) all advances necessarily paid out and expended in the discharge and performance of its duties; and
(1) reasonable compensation, or compensation as fixed by agreement of the parties;
Terms Used In Indiana Code 28-14-3-19
- Fiduciary: A trustee, executor, or administrator.
(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.
As added by P.L.262-1995, SEC.90.