565B.15 Custodian’s expenses, compensation, and bond.
68 words·~1 min read·
/ia/chapter-565b-transfers-to-minors/565b-15·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
1. A custodian is entitled to reimbursement from custodial property for reasonable expenses incurred in the performance of the custodian’s duties.
2. Except for one who is a transferor under section 565B.4, a custodian has a noncumulative election during each calendar year to charge reasonable compensation for services performed during that year.
3. Except as provided in section 565B.18, subsection 6, a custodian need not give a bond.