Rhode Island § 18-13-14 § 18-13-14. Expenses, compensation, and bond of custodial trustee.

Rhode Island Statutes

§ 18-13-14 — § 18-13-14. Expenses, compensation, and bond of custodial trustee.

Rhode Island § 18-13-14

Title 18Fiduciaries

Ch. 18-13Rhode Island Uniform Custodial Trust Act

This text of Rhode Island § 18-13-14 (§ 18-13-14. Expenses, compensation, and bond of custodial trustee.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 18-13-14 (2026).

Text

§ 18-13-14. Expenses, compensation, and bond of custodial trustee.
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 non-cumulative 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
         
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§ 18-13-14. Expenses, compensation, and bond of custodial trustee.

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 non-cumulative 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.