Compensation of trustees

The court having the jurisdiction of the monthly county court, upon application, or the chancery court, if the trust is administered in the chancery court, may allow a trustee or assignee compensation exceeding the compensation of clerks and masters, if the character of the services rendered entitle the trustee or assignee to such compensation in the opinion of such court, but such compensation in no case shall exceed five percent (5%). Acts 1859-1860, ch. 34, § 1; Shan., § 3525; Code 1932, §7782; T.C.A. (orig. ed.), § 47-1510; modified. The court having the jurisdiction of the monthly county court, upon application, or the chancery court, if the trust is administered in the chancery court, may allow a trustee or assignee compensation exceeding the compensation of clerks and masters, if the character of the services rendered entitle the trustee or assignee to such compensation in the opinion of such court, but such compensation in no case shall exceed five percent (5%). Acts 1859-1860, ch. 34, § 1; Shan., § 3525; Code 1932, §7782; T.C.A. (orig. ed.), § 47-1510; modified.