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     48.80 Compensation; commission not deemed interest.  


    For the faithful performance of its duties and discharge of 
 its trust, any trust company shall be entitled to reasonable 
 compensation, or such amount as has been or may be agreed upon 
 by the parties, and all necessary expenses, with legal interest 
 thereon, unless otherwise agreed upon.  No compensation or 
 commission paid or agreed to be paid by it for the negotiation 
 of any loan, or the execution of any trust, shall be deemed 
 interest within the meaning of the law, nor shall any excess 
 thereof over the legal rate be deemed usury.  


    HIST: (7737) RL s 3042

Official Publication of the State of Minnesota
Revisor of Statutes