- (a) Notwithstanding any other provisions, in the case of a charitable trust, the compensation of the trustees shall be limited to an amount that is reasonable under the circumstances.
- (b) This section shall apply to existing and new charitable trusts established after January 1, 1999; provided that any provisions in existing trust agreements regarding trustees' compensation shall supersede this section.
[L 1943, c 149, §§1, 2; RL 1945, §9758; RL 1955, §219-19; am L 1959, c 169, §2; HRS §607-20; am L 1998, c 310, §2]
Revision Note
"January 1, 1999" substituted for "the effective date of this Act".
Law Journals and Reviews
Trustee vs. Beneficiary. [15] 16 HBJ, no. 13, at 145 (2013).
Case Notes
Sums collected from lessees of estate and paid to State for real property taxes are income. 53 H. 604, 499 P.2d 670 (1972).
Cited: 37 H. 111, 139 (1945).