Alabama § 35-5A-16 Custodian’s Expenses, Compensation, and Bond

Alabama Statutes

§ 35-5A-16 — Custodian’s Expenses, Compensation, and Bond

Alabama·Title 35 Property·Ch. 5A Uniform Transfers to Minors Act

(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 35-5A-5, 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) of Section 35-5A-19, a custodian need not give a bond.

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(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 35-5A-5, 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) of Section 35-5A-19, a custodian need not give a bond.

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