Compensation; Expenses of Custodian; Bond

  1. Law
  2. Georgia Code
  3. Property
  4. Acquisition and Loss of Property
  5. The Georgia Transfers to Minors Act
  6. Compensation; Expenses of Custodian; Bond

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  1. A custodian is entitled to reimbursement from custodial property for reasonable expenses incurred in the performance of the custodian's duties.
  2. Except for one who is a transferor under Code Section 44-5-114, a custodian has a noncumulative election during each calendar year to charge reasonable compensation for services performed during that year.
  3. Except as provided in subsection (f) of Code Section 44-5-128, a custodian need not give a bond.

(Code 1981, §44-5-125, enacted by Ga. L. 1990, p. 667, § 1.)

RESEARCH REFERENCES

U.L.A.

- Uniform Transfers to Minors Act (U.L.A.) § 15.


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