Arkansas Code § 9-26-215 - Custodian's Expenses -- Compensation -- 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 § 9-26-204, a custodian shall have a non-cumulative election during each calendar year to charge reasonable compensation for services performed during that year.

(c) Except as provided in § 9-26-218(f), a custodian shall not be required to give a bond.

Section: Previous  9-26-208  9-26-209  9-26-210  9-26-211  9-26-212  9-26-213  9-26-214  9-26-215  9-26-216  9-26-217  9-26-218  9-26-219  9-26-220  9-26-221  9-26-222  Next

Last modified: November 15, 2016