Tennessee § 35-7-116 Custodian's expenses, compensation, and bond

Tennessee Statutes

§ 35-7-116 — Custodian's expenses, compensation, and bond

Tennessee § 35-7-116

Title35

This text of Tennessee § 35-7-116 (Custodian's expenses, compensation, and bond) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tenn. Code Ann. § 35-7-116 (2026).

Text

(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 § 35-7-105 , 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 § 35-7-119(f) , a custodian need not give a bond.

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(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 § 35-7-105 , 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 § 35-7-119(f) , a custodian need not give a bond.