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Mississippi Code 1972 (2023)
Title 91 - TRUSTS AND ESTATES (§§ 91-1-NEW — 91-31-25)
Chapter 20 - TRANSFERS TO MINORS (§§ 91-20-1 — 91-20-49)
Section 91-20-31 - Reimbursement of custodian for expenses; compensation of custodian; bond unnecessary
Universal Citation:
MS Code § 91-20-31 (2023)
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- (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.
Laws, 1994, ch. 416, § 16, eff. 1/1/1995.
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