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

Idaho Statutes

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

Idaho·Title 68 TRUSTS AND FIDUCIARIES·Ch. 13 IDAHO UNIFORM CUSTODIAL TRUST ACT

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.

Idaho § 68-1314 (EXPENSES, COMPENSATION AND BOND OF CUSTODIAL TRUSTEE) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.