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2020 Rhode Island General Laws
Title 18 - Fiduciaries
Chapter 18-7 Uniform Transfers to Minors Act
Section 18-7-16 Custodian's expenses, compensation, and bond.
Universal Citation: RI Gen L § 18-7-16 (2020)
§ 18-7-16. Custodian's expenses, compensation, and bond.
(a) A custodian is entitled to reimbursement from custodial property for reasonable expenses incurred in the performance of the custodian's duties.
(b) Except for one who is a transferor under § 18-7-5, a custodian has a noncumulative election during each calendar year to charge reasonable compensation for services performed during that year.
(c) Except as provided in § 18-7-19(f), a custodian need not give a bond.
History of Section.
(P.L. 1985, ch. 389, § 2.)
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