Massachusetts Statutes
§ 14 — Expenses; bond
Massachusetts § 14
JurisdictionMassachusetts
Part IIREAL AND PERSONAL PROPERTY AND DOMESTIC RELATIONS
Title IIDESCENT AND DISTRIBUTION, WILLS, ESTATES OF DECEASED PERSONS AND ABSENTEES, GUARDIANSHIP, CONSERVATORSHIP AND TRUSTS
Ch. 203BUNIFORM CUSTODIAL TRUST ACT
This text of Massachusetts § 14 (Expenses; bond) is published on Counsel Stack Legal Research, covering Massachusetts primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Mass. Gen. Laws ch. 203B, § 14 (2026).
Text
Section 14. 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)shall be entitled to reimbursement from custodial trust property for reasonable expenses incurred in the performance of fiduciary services;
(2)shall have a noncumulative election, to be made no later than six months after the end of each calendar year, to charge a reasonable compensation for fiduciary services performed during such year; and(3) need not furnish a bond or other security for the faithful performance of fiduciary duties.
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Bluebook (online)
Massachusetts § 14, Counsel Stack Legal Research, https://law.counselstack.com/statute/ma/203B/14.