§ 33B-14. Expenses, compensation, and bond of custodial trustee.
§33B‑14. Expenses, compensation, and bond of custodial trustee.
Except as otherwise providedin the instrument creating the custodial trust, in an agreement with thebeneficiary, or by court order, a custodial trustee:
(1) Is entitled toreimbursement from custodial trust property for reasonable expenses incurred inthe performance of fiduciary services;
(2) May charge, no laterthan six months after the end of each calendar year, a reasonable compensationfor fiduciary services performed during that year; and
(3) Need not furnish abond or other security for the faithful performance of fiduciary duties. (1995,c. 486, s. 1.)