§1666. Custodian's expenses, compensation and bond
1. Reimbursement. A custodian is entitled to reimbursement from custodial property for reasonable expenses incurred in the performance of the custodian's duties.
[PL 1987, c. 734, §2 (NEW).]
2. Compensation. Except for one who is a transferor under section 1655, a custodian has a noncumulative election during each calendar year to charge reasonable compensation for services performed during that year.
[PL 1987, c. 734, §2 (NEW).]
3. Bond. Except as provided in section 1669, subsection 6, a custodian need not give a bond.
[PL 1987, c. 734, §2 (NEW).]
SECTION HISTORY
PL 1987, c. 734, §2 (NEW).