ADMINISTRATION OF THE GOVERNMENT (Chapters 1 through 182)
TAXATION OF LEGACIES AND SUCCESSIONS
Taxation of property given to executors or trustees in lieu of compensation
Section 16. If a testator gives, bequeaths or devises to his executors or trustees any property otherwise liable to the tax imposed by this chapter in lieu of their compensation, the value thereof in excess of reasonable compensation, as determined by the probate court upon the application of any interested party or of the commissioner, shall be subject to this chapter.