Section 1313.50 | Commissions of assignees.

• Effective: October 1, 1953
• Latest Legislation: House Bill 1 - 100th General Assembly

Before a dividend provided for in section 1313.48 of the Revised Code is declared, the assignee or trustee for the benefit of creditors may be allowed the following commission upon the amount of the personal estate collected and accounted for by him, and of the proceeds of the real property sold under an order of court for the payment of debts, which must be received in full compensation of all his ordinary services:

(A) For the first thousand dollars, at the rate of six per cent;

(B) For all above one thousand dollars and not exceeding five thousand dollars, at the rate of four per cent;

(C) For all above five thousand dollars, at the rate of two per cent.

Available Versions of this Section

• October 1, 1953 – House Bill 1 - 100th General Assembly