Idaho § 68-1314 EXPENSES, COMPENSATION AND BOND OF CUSTODIAL TRUSTEE

Idaho Statutes

§ 68-1314 — EXPENSES, COMPENSATION AND BOND OF CUSTODIAL TRUSTEE

Idaho § 68-1314

Title 68TRUSTS AND FIDUCIARIES

Ch. 13IDAHO UNIFORM CUSTODIAL TRUST ACT

This text of Idaho § 68-1314 (EXPENSES, COMPENSATION AND BOND OF CUSTODIAL TRUSTEE) is published on Counsel Stack Legal Research, covering Idaho primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Idaho Code § 68-1314 (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 no later than six (6) months after the end of each calendar year, to charge a reasonable compensation for fiduciary services performed during that year; and

(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 no later than six (6) months after the end of each calendar year, to charge a reasonable compensation for fiduciary services performed during that year; and
(3) Need not furnish a bond or other security for the faithful performance of fiduciary duties.