Affiliates

(a) Any person acting as a trustee or in any other fiduciary capacity under § 23-51-192 may hire and compensate, as a delegate, an affiliate of the person if: (1) Authorized by a trust or fiduciary instrument; (2) Authorized by court order; (3) Authorized in writing by each affected client; or (4) The standards of § 23-51-192 are satisfied. (b) Fees paid to an affiliate shall be competitive with fees charged by nonaffiliates that provide substantially similar services. Acts 1997, No. 940, § 93. (a) Any person acting as a trustee or in any other fiduciary capacity under § 23-51-192 may hire and compensate, as a delegate, an affiliate of the person if: (1) Authorized by a trust or fiduciary instrument; (2) Authorized by court order; (3) Authorized in writing by each affected client; or (4) The standards of § 23-51-192 are satisfied. (1) Authorized by a trust or fiduciary instrument; (2) Authorized by court order; (3) Authorized in writing by each affected client; or (4) The standards of § 23-51-192 are satisfied. (b) Fees paid to an affiliate shall be competitive with fees charged by nonaffiliates that provide substantially similar services. Acts 1997, No. 940, § 93.