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Title X TAXATION AND REVENUE

Chapter 141

Effective - 28 Aug 1943 bottom

  141.810.  Compensation of employees, limitations — penalty for violation. — 1.  Neither said trustees nor any salaried employee of the land trust, provided for herein, shall receive any compensation, emolument or other profit directly or indirectly from the rental, management, purchase, sale or other disposition of any lands held by such land trust other than the salaries, expenses and emoluments provided for herein.

  2.  Any person convicted of violating this section shall be deemed guilty of a felony and upon conviction thereof shall be sentenced to serve not less than two nor more than five years in the state penitentiary.

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(L. 1943 p. 1029 § 46)


---- end of effective   28 Aug 1943 ----

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