(a) The trustees are entitled to receive for their services as trustees a one-half
of one percent commission on all money they receive for the district and a one-half
of one percent commission on all money they pay out as trustees. This commission is the entire compensation for all three trustees.
(b) The trustees are not entitled to a commission on money in the treasury when they
become the trustees or on money in the treasury when their trusteeship ends.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?
Response sent, thank you
Welcome to FindLaw's Cases & Codes
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.