Custodian's expenses, compensation and bond

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14-7665. Custodian's expenses, compensation and 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 a person who is a transferor pursuant to section 14-7654, a custodian has a noncumulative election during each calendar year to charge reasonable compensation for services performed during that year.

C. Except as provided in section 14-7668, subsection F, a custodian need not give a bond.


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