CHAPTER 36. ESTATES AND PROPERTY.

ARTICLE 7. UNIFORM TRANSFERS TO MINORS ACT.

§36-7-15. 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 four of this article, 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 (f), section eighteen of this article, a custodian need not give a bond.

Bill History For §36-7-15

1986 Regular Session
Senate Bill 104