Oklahoma Statutes
§ 58-1216 — Expenses and compensation of custodian - Bond.
Oklahoma·Title 58 Probate Procedure
A.A custodian is entitled to reimbursement from custodial property for reasonable expenses incurred in the performance of the custodian's duties.
B.Except for one who is a transferor pursuant to the provisions of Section 5 of this act, a custodian has a noncumulative election during each calendar year to charge reasonable compensation for services performed during that year.
C.Except as provided for in subsection F of Section 19 of this act, a custodian need not give a bond.
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Legislative History
Added by Laws 1986, c. 261, § 16, eff. Nov. 1, 1986.
Nearby Sections
15
§ 58-1002
Beneficiaries.§ 58-1004
Husband and wife.§ 58-1006
Inapplication in certain cases.§ 58-1007
Construction and interpretation.§ 58-1008
Citation.§ 58-102
Executors — Incompetency.§ 58-103
Failure of executors.§ 58-105
Death of an executor.