Reimbursement of custodian for expenses; compensation of custodian; bond unnecessary

1. Law
2. Mississippi Code
3. Trusts and Estates
4. Transfers to Minors
5. Reimbursement of custodian for expenses; compensation of custodian; bond unnecessary

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 Section 91-20-9, 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 Section 91-20-37(6), a custodian need not give a bond.

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