TITLE 18
Fiduciaries

CHAPTER 18-7
Uniform Transfers to Minors Act

SECTION 18-7-16


§ 18-7-16 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 § 18-7-5, 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 § 18-7-19(f), a custodian need not give a bond.

History of Section.
(P.L. 1985, ch. 389, § 2.)