Arizona Revised Statutes - Title 14 Trusts, Estates and Protective Proceedings - Section 14-9114 Expenses, compensation and bond of custodial trustee
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14-9114. Expenses, compensation and bond of
custodial trustee
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 not later than six months after the end
of each calendar year, to charge a reasonable compensation for fiduciary services
performed during that year.
3. Need not furnish a bond or other security for the faithful performance of
fiduciary duties.
Sections: 14-9105 14-9106 14-9107 14-9108 14-9109 14-9110 14-9111 14-9112 14-9113 14-9114 14-9115 14-9116 14-9117 14-9118 14-9119
Last modified: February 19, 2012
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