Ohio Code 1313.50 – Commissions of assignees
Current as of: 2024 | Check for updates
|
Other versions
Before a dividend provided for in section 1313.48 of the Revised Code is declared, the assignee or trustee for the benefit of creditors may be allowed the following commission upon the amount of the personal estate collected and accounted for by him, and of the proceeds of the real property sold under an order of court for the payment of debts, which must be received in full compensation of all his ordinary services:
Terms Used In Ohio Code 1313.50
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Trustee: A person or institution holding and administering property in trust.
(A) For the first thousand dollars, at the rate of six per cent;
(B) For all above one thousand dollars and not exceeding five thousand dollars, at the rate of four per cent;
(C) For all above five thousand dollars, at the rate of two per cent.