§554B-14 Expenses, compensation, and bond of custodial trustee. Except as provided otherwise in the custodial trust instrument, in an agreement with the beneficiary, or by court order:
(1) A custodial trustee is entitled to reimbursement from custodial trust property for reasonable expenses incurred in the performance of fiduciary services;
(2) A custodial trustee has a noncumulative election to be made no later than six months following the end of each calendar year to charge a reasonable compensation for fiduciary services performed during that year; and
(3) A custodial trustee need not post a bond for faithful performance of the custodial trust. [L 1989, c 76, pt of §1]
Structure Hawaii Revised Statutes
Title 30. Guardians and Trustees
554B. Uniform Custodial Trust Act
554B-2 Custodial trust; general.
554B-3 Custodial trustee for future payment or transfer.
554B-4 Form and effect of receipt and acceptance by custodial trustee, jurisdiction.
554B-5 Transfer to custodial trustee by fiduciary or obligor, facility of payment.
554B-6 Multiple beneficiaries, separate custodial trusts, survivorship.
554B-7 General management duties of custodial trustee.
554B-8 General powers of custodial trustee.
554B-9 Use of custodial trust property.
554B-10 Determination of incapacity, proceeding and effect.
554B-11 Exemption of third person from liability.
554B-12 Liability to third persons.
554B-14 Expenses, compensation, and bond of custodial trustee.
554B-16 Limitations of action against custodial trustee.
554B-17 Termination and distribution.
554B-18 Implementation, methods, and forms for creating custodial trusts.