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Ind. Code § 28-14-3-19

Compensation for fiduciary services; counsel fees

As added by P.L.262-1995, SEC.90.

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:

(1) reasonable compensation, or compensation as fixed by agreement of the parties;

(2) all advances necessarily paid out and expended in the discharge and performance of its duties; and

(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.

Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.