2013 District of Columbia Code
Division III — DECEDENTS' ESTATES AND FIDUCIARY RELATIONS
Title 19 — DESCENT, DISTRIBUTION, AND TRUSTS
Chapter 11 — CUSTODIAL TRUSTS; UNIFORM LAW
Section 19-1114 — Expenses, compensation, and bond of custodial trustee.
Except as otherwise provided in the instrument creating the custodial trust, in an agreement with the beneficiary, or by court order, a custodial trustee:
(1) Is entitled to reimbursement from custodial trust property for reasonable expenses incurred in the performance of fiduciary services;
(2) Has a noncumulative election, to be made no later than 6 months after the end of each calendar year, to charge a reasonable compensation for fiduciary services performed during that year; and
(3) Need not furnish a bond or other security for the faithful performance of fiduciary duties.
History
(July 23, 2002, D.C. Law 14-177, § 2(b), 49 DCR 5092.)
Annotations
Legislative History of Law 14-177. For Law 14-177, see notes following § 19-1101.
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