Custodian's expenses, compensation, and bond
Sec. 30. (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 a person who is a transferor under section 19 of this
chapter, a custodian has an election during each calendar year to
charge reasonable compensation for services performed during that
year.
(c) A custodian's election to charge reasonable compensation for
a calendar year must be exercised during the calendar year.
(d) Except as provided in section 33(f) of this chapter, a custodian
is not required to give a bond.
As added by P.L.267-1989, SEC.2.
Last modified: May 27, 2006