[§553A-15] Custodian's expenses, compensation, and bond.
79 words·~1 min read·
/hi/553a-15A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
[§553A-15] Custodian's expenses, compensation, and bond.
(a)A custodian is entitled to reimbursement from custodial property for reasonable expenses incurred in the performance of the custodian's duties.
(b)Except for one who is a transferor under section 553A-4, a custodian has a noncumulative election during each calendar year to charge reasonable compensation for services performed during that year.
(c)Except as provided in section 553A-18(f), a custodian need not give a bond. [L 1985, c 91, pt of §1]