New Jersey Administrative Code
Title 13 - LAW AND PUBLIC SAFETY
Chapter 36 - STATE BOARD OF MORTUARY SCIENCE
Subchapter 11 - PREPAID FUNERAL AGREEMENTS AND ARRANGEMENTS
Section 13:36-11.8 - Commissions for trustees of pooled trust
Universal Citation: NJ Admin Code 13:36-11.8
Current through Register Vol. 56, No. 6, March 18, 2024
The trustees of a pooled trust fund for the benefit of at least 200 purchasers or intended funeral recipients shall be entitled to a commission not to exceed one percent per annum of the corpus of the trust fund, which shall be paid out of any income, and in no event shall the trustees invade the corpus of the trust funds. Any expenses incurred in the administration of such a trust may be recouped from this commission, and such expenses shall not be deducted from any other earnings of the trust.
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