2014 Iowa Code
TITLE XIV - PROPERTY
SUBTITLE 2 - REAL PROPERTY — GIFTS
CHAPTER 565B - TRANSFERS TO MINORS
SECTION 565B.15 - Custodian’s expenses, compensation, and bond.
565B.15 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 section 565B.4, 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 section 565B.18, subsection 6, a custodian need not give a bond.
86 Acts, ch 1035, §15
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