Code · Kentucky · Chapter 385 — Uniform transfers to minors act

385.152 Custodian's expenses, compensation and bond.

66 words·~1 min read·/ky/chapter-385/385-152

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 KRS 385.042, 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 KRS 385.182(6), a custodian need not give a bond.