Section 130-D. Fees and allowances  


Latest version.
  • In the event of a default in a trust
      indenture necessitating the sequestration of the rents and income of the
      property covered thereby and where the trustee  or  committee  or  other
      person  or  persons  representing  the bondholders is or are lawfully in
      possession of the property and they or their attorneys,  if  any,  shall
      have rendered services in connection with the property at any time after
      default,  no  fees  or allowances shall be paid for such services unless
      and until affidavits showing the value thereof have  been  presented  to
      the  court  or  a justice thereof and such court or justice has approved
      the same and such fees and allowances, if approved,  shall  be  paid  in
      such manner and at such times as the court or justice shall direct.