Section 15. (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 four, 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 paragraph (f) of section eighteen, a custodian need not give a bond for the faithful performance of his duties.
Structure Massachusetts General Laws
Part II - Real and Personal Property and Domestic Relations
Chapter 201a - Uniform Transfers to Minors Act
Section 2 - Scope and Jurisdiction
Section 3 - Nomination of Custodian
Section 4 - Transfer by Gift or Exercise of Power of Appointment
Section 5 - Transfer Authorized by Will or Trust
Section 6 - Other Transfer by Fiduciary
Section 7 - Transfer by Obligor
Section 8 - Receipt for Custodial Property
Section 10 - Single Custodianship
Section 11 - Validity and Effect of Transfer
Section 12 - Care of Custodial Property
Section 13 - Powers of Custodian
Section 14 - Use of Custodial Property
Section 15 - Custodian's Expenses, Compensation, and Bond
Section 16 - Exemption of Third Person From Liability
Section 17 - Liability to Third Persons
Section 19 - Accounting by and Determination of Liability of Custodian
Section 20 - Termination of Custodianship
Section 22 - Effect on Existing Custodianships