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2011 Maine Revised Statutes
TITLE 33: PROPERTY
Chapter 32: MAINE UNIFORM TRANSFERS TO MINORS ACT
33 §1666. Custodian's expenses, compensation and bond


33 ME Rev Stat § 1666 (2011 through 125th Legis) What's This?

§1666. Custodian's expenses, compensation and bond

1. Reimbursement. A custodian is entitled to reimbursement from custodial property for reasonable expenses incurred in the performance of the custodian's duties.

[ 1987, c. 734, §2 (NEW) .]

2. Compensation. Except for one who is a transferor under section 1655, a custodian has a noncumulative election during each calendar year to charge reasonable compensation for services performed during that year.

[ 1987, c. 734, §2 (NEW) .]

3. Bond. Except as provided in section 1669, subsection 6, a custodian need not give a bond.

[ 1987, c. 734, §2 (NEW) .]

SECTION HISTORY

1987, c. 734, §2 (NEW).

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