Relates to the computation and allocation of the commissions of trustees of charitable trusts; repealer

This bill revises how trustees of charitable trusts (like those for public, religious, or educational purposes) calculate and receive annual commissions. It specifies that commissions must be paid 1/3 from trust income and 2/3 from trust principal, with exceptions for certain trusts governed by federal tax rules. For charitable trusts exceeding $20 million in value, commissions are limited to 50% of the standard rate, and trustees may no longer earn commissions for paying out principal. The law applies to all existing charitable trusts as of its effective date, though trustees can choose to follow the previous rules until the end of the year it takes effect.