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2017 Tennessee Code
Title 35 - Fiduciaries and Trust Estates
Chapter 7 - Tennessee Uniform Transfers to Minors Act
§ 35-7-116. Custodian's expenses, compensation, and bond.
Universal Citation: TN Code § 35-7-116 (2017)
- (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 § 35-7-105, a custodian has a non-cumulative election during each calendar year to charge reasonable compensation for services performed during that year.
- (c) Except as provided in § 35-7-119(f), a custodian need not give a bond.
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