RCW 11.114.150
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 RCW 11.114.040, 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 RCW 11.114.180(6), a custodian need not give a bond.
(4) Notwithstanding RCW 11.114.190, a custodian not compensated for services is not liable for losses to the custodial property unless they result from bad faith, intentional wrongdoing, or gross negligence, or from failure to maintain the standard of prudence in investing the custodial property provided in this chapter.
[ 1991 c 193 § 15.]
Structure Revised Code of Washington
Title 11 - Probate and Trust Law
Chapter 11.114 - Uniform Transfers to Minors Act.
11.114.020 - Scope and jurisdiction.
11.114.030 - Nomination of custodian—Designation of custodian by representative or specified person.
11.114.040 - Transfer by gift or exercise of power of appointment.
11.114.050 - Transfer authorized by will or trust.
11.114.060 - Other transfer by fiduciary.
11.114.070 - Transfer by obligor.
11.114.080 - Receipt for custodial property.
11.114.090 - Form and manner of creating custodial property and effecting transfer.
11.114.100 - Single custodianship.
11.114.110 - Validity and effect of transfer.
11.114.120 - Care of custodial property.
11.114.130 - Powers of custodian.
11.114.140 - Use of custodial property.
11.114.150 - Custodian's expenses, compensation, and bond.
11.114.160 - Exemption of third person from liability.
11.114.170 - Liability to third persons.
11.114.190 - Accounting by and determination of liability of custodian.
11.114.200 - Termination of custodianship—Extension.
11.114.220 - Effect on existing custodianships.
11.114.230 - Uniformity of application and construction.