North Dakota § 47-24.1-15 Custodian's expense, compensation, and bond

North Dakota Statutes

§ 47-24.1-15 — Custodian's expense, compensation, and bond

North Dakota § 47-24.1-15

Title 47Property

Ch. 47-24.1Uniform Transfers to Minors Act

This text of North Dakota § 47-24.1-15 (Custodian's expense, compensation, and bond) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 47-24.1-15 (2026).

Text

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 47-24.1-12, 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 subsection 6 of section 47-24.1-18, 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 47-24.1-12, 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 subsection 6 of section 47-24.1-18, a custodian need not give a
bond.