Arizona § 14-9114 Expenses, compensation and bond of custodial trustee

Arizona Statutes

§ 14-9114 — Expenses, compensation and bond of custodial trustee

Arizona § 14-9114

Title 14Arizona Revised Statutes

Ch. 9UNIFORM CUSTODIAL TRUST ACT

Art. 1General Provisions

This text of Arizona § 14-9114 (Expenses, compensation and bond of custodial trustee) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 14-9114 (2026).

Text

Except as otherwise provided in the instrument creating the custodial trust, in an agreement with the beneficiary or by court order, a custodial trustee:

1.Is entitled to reimbursement from custodial trust property for reasonable expenses incurred in the performance of fiduciary services.

2.Has a noncumulative election, to be made not later than six months after the end of each calendar year, to charge a reasonable compensation for fiduciary services performed during that year.

3.Need not furnish a bond or other security for the faithful performance of fiduciary duties.

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Except as otherwise provided in the instrument creating the custodial trust, in an agreement with the beneficiary or by court order, a custodial trustee:

1. Is entitled to reimbursement from custodial trust property for reasonable expenses incurred in the performance of fiduciary services.

2. Has a noncumulative election, to be made not later than six months after the end of each calendar year, to charge a reasonable compensation for fiduciary services performed during that year.

3. Need not furnish a bond or other security for the faithful performance of fiduciary duties.