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2018 Utah Code
Title 75 - Utah Uniform Probate Code
Chapter 5a - Uniform Transfers to Minors Act
Section 116 - Custodian's expenses, compensation, and bond.
Universal Citation: UT Code § 75-5a-116 (2018)
75-5a-116. Custodian's expenses, compensation, and bond.
Enacted by Chapter 272, 1990 General Session
- (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 75-5a-105, 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 Subsection 75-5a-119(6), a custodian need not give a bond.
Enacted by Chapter 272, 1990 General Session
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