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N.Y. Not-For-Profit Corp. Law § 1217

Commissions

2014-09-22

§ 1217. Commissions.\n (a) A receiver shall be entitled, in addition to his necessary\nexpenses, to such commissions upon the sums received and disbursed as\nmay be allowed by the court, as follows:\n (1) On the first twenty thousand dollars, not exceeding five percent;\n (2) On the next eighty thousand dollars, not exceeding two and\none-half percent; and\n (3) On the remainder, not exceeding one percent.\n (b) If the commissions of the receiver so computed do not amount to\none hundred dollars, the court in its discretion may allow such sum not\nexceeding one hundred dollars as shall be reasonable.\n (c) When more than one receiver shall be appointed, the compensation\nherein provided shall be divided between them, as the court directs.\n

Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.