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 six (6) 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.
Section: Previous 28-72-407 28-72-408 28-72-409 28-72-410 28-72-411 28-72-412 28-72-413 28-72-414 28-72-415 28-72-416 28-72-417 28-72-418 28-72-419 28-72-420 28-72-421 NextLast modified: November 15, 2016