A. Any person acting as a trustee or in any other fiduciary capacity pursuant to Section 31 of this act may hire and compensate, as a delegate, an affiliate of such 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 set forth in Section 31 of this act are satisfied.
B. Fees paid to an affiliate shall be competitive with fees charged by nonaffiliates that provide substantially similar services.
Added by Laws 1998, c. 104, § 32, eff. Nov. 1, 1998.
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