Colorado § 11-50-116 Custodian's expenses, compensation, and bond

Colorado Statutes

§ 11-50-116 — Custodian's expenses, compensation, and bond

Colorado·Title 11 Financial·Art. Colorado Uniform Transfers to Minors Act

(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 11-50-105, 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 11-50-119 (6), a custodian need not give a bond.

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(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 11-50-105, 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 11-50-119 (6), a custodian need not give a
bond.

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