§ 75-5a-116. Custodian's expenses, compensation, and bond.

Latest version.

(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 75-5a-105, 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 75-5a-119(6), a custodian need not give a bond.

Enacted by Chapter 272, 1990 General Session

                    
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