Ill. Admin. Code tit. 38 § 397.50

Current through Register Vol. 48, No. 50, December 13, 2024

Section 397.50 - Alternate Fee Assessment to Avoid Excess Accumulation in Account

Notwithstanding any other Section of this Part, if for any quarter, the balance of the Account is at a level that fees to be collected under Section 397.30(a) of this Part would cause the balance to exceed the maximum amount established by Section 5-10 of the Act, a fee will be assessed on all corporate fiduciaries instead of the fees set forth in Section 397.30, based on the following formula:

Fee to be paid by each corporate fiduciary	=	D
		A

Ill. Admin. Code tit. 38, § 397.50

Amended at 26 Ill. Reg. 1677, effective January 23, 2002