565B.15  Custodian's expenses, compensation, and bond.

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 565B.4, 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 565B.18, subsection 6, a custodian need not give a bond.

Section History: Recent form

  86 Acts, ch 1035, § 15

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