33A-15. Custodian's expenses, compensation, and bond.
(a) A custodian is entitled to pay from and to be reimbursed from custodial property for reasonable expenses incurred in the performance of the custodian's duties.
(b) Except for one who is a transferor under G.S. 33A-4, 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 G.S. 33A-18(f), a custodian need not give a bond. (1987, c. 563, s. 2.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 33A - North Carolina Uniform Transfers to Minors Act
§ 33A-2 - Scope and jurisdiction.
§ 33A-3 - Nomination of custodian.
§ 33A-4 - Transfer by gift or exercise of power of appointment.
§ 33A-5 - Transfer authorized by will or trust.
§ 33A-6 - Other transfer by fiduciary.
§ 33A-7 - Transfer by obligor.
§ 33A-8 - Receipt for custodial property.
§ 33A-10 - Single custodianship.
§ 33A-11 - Validity and effect of transfer.
§ 33A-12 - Care of custodial property.
§ 33A-13 - Powers of custodian.
§ 33A-14 - Use of custodial property.
§ 33A-15 - Custodian's expenses, compensation, and bond.
§ 33A-16 - Exemption of third person from liability.
§ 33A-17 - Liability to third persons.
§ 33A-19 - Accounting by and determination of liability of custodian.
§ 33A-20 - Termination of custodianship.
§ 33A-22 - Effect on existing custodianships.