2006 Kentucky Revised Statutes - .152   Custodian\'s expenses, compensation and bond.

385.152 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 KRS 385.042, 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 KRS 385.182(6), a custodian need not give a bond. Effective: July 15, 1986 History: Created 1986 Ky. Acts ch. 182, sec. 15, effective July 15, 1986.