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2018 Mississippi Code
Title 91 - Trusts and Estates
Chapter 20 - Transfers to Minors
§ 91-20-31. Reimbursement of custodian for expenses; compensation of custodian; bond unnecessary.
Universal Citation: MS Code § 91-20-31 (2018)
(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 91-20-9, 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 91-20-37(6), a custodian need not give a bond.
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