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2017 Maine Revised Statutes
TITLE 33: PROPERTY
Chapter 32: MAINE UNIFORM TRANSFERS TO MINORS ACT
33 §1666. Custodian's expenses, compensation and bond
Universal Citation: 33 ME Rev Stat § 1666 (2017)
§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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