Indiana § 30-2-8.6-34 Compensation of custodial trustee

Indiana Statutes

§ 30-2-8.6-34 — Compensation of custodial trustee

Indiana § 30-2-8.6-34

Art. 2GENERAL PROVISIONS

Ch. 8.6Uniform Custodial Trust Act

This text of Indiana § 30-2-8.6-34 (Compensation of custodial trustee) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 30-2-8.6-34 (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 (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 not 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.