Custodian's expenses, compensation, and bond

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  • (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 1251e of this chapter, a custodian has a non-cumulative election during each calendar year to charge reasonable compensation for services performed during that year.

  • (c) Except as provided in section 1251s, subsection (f) of this chapter, a custodian need not give a bond.


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