565B.15 Custodian’s expenses, compensation, and bond.
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 section 565B.4, 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 section 565B.18, subsection 6, a custodian need not give a bond.
86 Acts, ch 1035, §15
Structure Iowa Code
Chapter 565B - TRANSFERS TO MINORS
Section 565B.2 - Scope and jurisdiction.
Section 565B.3 - Nomination of custodian.
Section 565B.4 - Transfer by gift or exercise of power of appointment.
Section 565B.5 - Transfer authorized by will or trust.
Section 565B.6 - Other transfers by fiduciary.
Section 565B.7 - Transfer by obligor.
Section 565B.8 - Receipt for custodial property.
Section 565B.10 - Single custodianship.
Section 565B.11 - Validity and effect of transfer.
Section 565B.12 - Care of custodial property.
Section 565B.13 - Powers of custodian.
Section 565B.14 - Use of custodial property.
Section 565B.15 - Custodian’s expenses, compensation, and bond.
Section 565B.16 - Exemption of third person from liability.
Section 565B.17 - Liability to third persons.
Section 565B.19 - Accounting by and determination of liability of custodian.
Section 565B.20 - Termination of custodianship.
Section 565B.21 - Applicability.
Section 565B.22 - Effect on existing custodianships.
Section 565B.23 - Uniformity of application and construction.