(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 § 9-26-204, a custodian shall have a non-cumulative election during each calendar year to charge reasonable compensation for services performed during that year.
(c) Except as provided in § 9-26-218(f), a custodian shall not be required to give a bond.
Structure Arkansas Code
Chapter 26 - Rights Respecting Business and Property
Subchapter 2 - Arkansas Uniform Transfers to Minors Act
§ 9-26-202. Scope and jurisdiction
§ 9-26-203. Nomination of custodian
§ 9-26-204. Transfer by gift or exercise of power of appointment
§ 9-26-205. Transfer authorized by will or trust
§ 9-26-206. Other transfer by fiduciary
§ 9-26-207. Transfer by obligor
§ 9-26-208. Receipt for custodial property
§ 9-26-210. Single custodianship
§ 9-26-211. Validity and effect of transfer
§ 9-26-212. Care of custodial property
§ 9-26-213. Powers of custodian
§ 9-26-214. Use of custodial property
§ 9-26-215. Custodian's expenses — Compensation — Bond
§ 9-26-216. Exemption of a third person from liability
§ 9-26-217. Liability to third persons
§ 9-26-219. Accounting by and determination of liability of custodian
§ 9-26-220. Termination of custodianship
§ 9-26-222. Effect on existing custodianships