Code of Virginia - Title 31 Guardian And Ward - Section 31-51 Custodian's expenses, compensation, and bond

§ 31-51. Custodian's expenses, compensation, and bond

A custodian is entitled to reimbursement from custodial property for reasonable expenses incurred in the performance of the custodian's duties.

A custodian, other than one who is a transferor under § 31-40, has a noncumulative election during each calendar year to charge reasonable compensation for services performed during that year.

Except upon petition as provided in subsection F of § 31-54, a custodian need not give a bond.

(1988, c. 516.)

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Last modified: April 16, 2009