30-3515. Expenses, compensation, and bond of custodial trustee.
92 words·~1 min read·
/ne/chapter-30/30-3515A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Except as otherwise provided in the instrument creating the custodial trust, in an agreement with the beneficiary, or by court order, a custodial trustee:
(1)Is entitled to reimbursement from custodial trust property for reasonable expenses incurred in the performance of fiduciary services;
(2)Has a noncumulative election, to be made no later than three months after the end of each calendar year, to charge a reasonable compensation for fiduciary services performed during that year; and
(3)Need not furnish a bond or other security for the faithful performance of fiduciary duties.