(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 Section 35-5A-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 subsection (f) of Section 35-5A-19, a custodian need not give a bond.
Structure Code of Alabama
Chapter 5A - Uniform Transfers to Minors Act.
Section 35-5A-1 - Short Title.
Section 35-5A-2 - Definitions.
Section 35-5A-4 - Nomination of Custodian.
Section 35-5A-5 - Transfer by Gift or Exercise of Power of Appointment.
Section 35-5A-6 - Transfer by Will or Trust.
Section 35-5A-7 - Other Transfer by Fiduciary.
Section 35-5A-8 - Transfer by Obligor.
Section 35-5A-9 - Receipt and Discharge for Transfer of Custodial Property.
Section 35-5A-11 - Transfer to Be for One Minor; Only One Custodian; Single Custodianship.
Section 35-5A-13 - Powers and Duties of Custodian as to Custodial Property Generally.
Section 35-5A-14 - Custodian Has Rights and Powers That Unmarried Adult Would Have as to Property.
Section 35-5A-15 - Delivery, Payment, or Expenditure of Custodial Property for Benefit of Minor.
Section 35-5A-16 - Custodian's Expenses, Compensation, and Bond.
Section 35-5A-17 - Exemption of Third Person From Liability for Good Faith Dealings With Custodian.
Section 35-5A-18 - Claims Against Custodial Property; Personal Liability of Custodian and Minor.
Section 35-5A-20 - Accounting by and Determining of Liability of Custodian.
Section 35-5A-22 - Applicability of Chapter.
Section 35-5A-24 - Uniformity of Application and Construction.