§ 18-7-16 - Custodian's expenses, compensation, and bond.
SECTION 18-7-16
§ 18-7-16 Custodian's expenses,compensation, and bond. – (a) A custodian is entitled to reimbursement from custodial property forreasonable expenses incurred in the performance of the custodian's duties.
(b) Except for one who is a transferor under § 18-7-5, acustodian has a noncumulative election during each calendar year to chargereasonable compensation for services performed during that year.
(c) Except as provided in § 18-7-19(f), a custodian neednot give a bond.