Custodian's expenses, compensation, and bond

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§ 3225. 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 one who is a transferor under section 3214 of this title, 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 subsection 3228(f) of this title, a custodian need not give a bond. (Added 2015, No. 7, § 1.)


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