§ 13-315. Compensation of custodian; bond

Latest version.

(a) Entitlement. -- A custodian is entitled to reimbursement from custodial property for reasonable expenses incurred in the performance of the custodian's duties.

(b) Noncumulative election to charge annual compensation. -- Except for one who is a transferor under § 13-304 of this subtitle, a custodian has a noncumulative election during each calendar year to charge reasonable compensation for services performed during that year.

(c) Bond. -- Except as provided in § 13-318(f) of this subtitle, a custodian need not give a bond.

HISTORY: 1989, ch. 638.

                    
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