(1) A custodian is entitled to reimbursement from custodial property for reasonable expenses incurred in the performance of the custodian’s duties.
(2) Except for one who is a transferor under s. 710.105, a custodian has a noncumulative election during each calendar year to charge reasonable compensation for services performed during that year.
(3) Except as provided in s. 710.121(6), a custodian need not give a bond.
History.—s. 1, ch. 85-95.
Structure Florida Statutes
Title XL - Real and Personal Property
Chapter 710 - Transfers to Minors
710.103 - Scope and Jurisdiction.
710.104 - Nomination of Custodian.
710.105 - Transfer by Gift or Exercise of Power of Appointment.
710.106 - Transfer Authorized by Will or Trust.
710.107 - Other Transfer by Fiduciary.
710.108 - Transfer by Obligor.
710.109 - Receipt for Custodial Property.
710.112 - Single Custodianship.
710.113 - Validity and Effect of Transfer.
710.114 - Care of Custodial Property.
710.115 - Powers of Custodian.
710.116 - Use of Custodial Property.
710.117 - Custodian’s Expenses, Compensation, and Bond.
710.118 - Exemption of Third Person From Liability.
710.119 - Liability to Third Persons.
710.122 - Accounting by and Determination of Liability of Custodian.
710.123 - Termination of Custodianship.