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.
86 Acts, ch 1035, §15