Pub. L. 103-394, tit. I, sec. 107

INCREASED INCENTIVE COMPENSATION FOR TRUSTEES.

EnactedYear: 1994Length: 88 wordsOfficial source
SEC. 107. INCREASED INCENTIVE COMPENSATION FOR TRUSTEES. Section 326(a) of title 11, United States Code, is amended by striking “fifteen” and all that follows through “$3,000” the last place it appears, and inserting the following: “25 percent on the first $5,000 or less, 10 percent on any amount in excess of $5,000 but not in excess of $50,000, 5 percent on any amount in excess of $50,000 but not in excess of $1,000,000, and reasonable compensation not to exceed 3 percent of such moneys in excess of $1,000,000”.
Pub. L. 103-394, tit. I, sec. 107: INCREASED INCENTIVE COMPENSATION FOR TRUSTEES. | Justis AI