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Utah Code
2025 Utah Code
Title 75A - Fiduciaries
Chapter 8 - Uniform Transfers to Minors Act
Section 116 - Custodian's expenses, compensation, and bond.
Universal Citation:
UT Code § 75A-8-116 (2025)
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Effective 9/1/2024
75A-8-116. Custodian's expenses, compensation, and bond.
Renumbered and Amended by Chapter 364, 2024 General Session
75A-8-116. Custodian's expenses, compensation, and bond.
- (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 75A-8-105, 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 75A-8-119(6), a custodian need not give a bond.
Renumbered and Amended by Chapter 364, 2024 General Session
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