Maine Revised Statutes
Chapter 32: MAINE UNIFORM TRANSFERS TO MINORS ACT
33 §1666. Custodian's expenses, compensation and bond

§1666. Custodian's expenses, compensation and bond
1.  Reimbursement.  A custodian is entitled to reimbursement from custodial property for reasonable expenses incurred in the performance of the custodian's duties.  
[PL 1987, c. 734, §2 (NEW).]
2.  Compensation.  Except for one who is a transferor under section 1655, a custodian has a noncumulative election during each calendar year to charge reasonable compensation for services performed during that year.  
[PL 1987, c. 734, §2 (NEW).]
3.  Bond.  Except as provided in section 1669, subsection 6, a custodian need not give a bond.  
[PL 1987, c. 734, §2 (NEW).]
SECTION HISTORY
PL 1987, c. 734, §2 (NEW).

Structure Maine Revised Statutes