Rhode Island § 18-7-16 § 18-7-16. Custodian's expenses, compensation, and bond.

Rhode Island Statutes

§ 18-7-16 — § 18-7-16. Custodian's expenses, compensation, and bond.

Rhode Island·Title 18 Fiduciaries·Ch. 18-7 Uniform Transfers to Minors Act

§ 18-7-16. Custodian's expenses, compensation, and bond.
(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 under § 18-7-5, a custodian has a noncumulative election during each calendar year to charge reasonable
            compensation for services performed during that year.
         
(c) Except as provided in § 18-7-19(f), a custodian need not give a bond.
         

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§ 18-7-16. Custodian's expenses, compensation, and bond.

(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 under § 18-7-5, a custodian has a noncumulative election during each calendar year to charge reasonable compensation for services performed during that year.

(c) Except as provided in § 18-7-19(f), a custodian need not give a bond.

Rhode Island § 18-7-16 (§ 18-7-16. Custodian's expenses, compensation, and bond.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.