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§ 15-1.5-114. Expenses, compensation, and bond of custodial trustee

CO Rev Stat § 15-1.5-114 (2018) (N/A)
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(1) Except as otherwise provided in the instrument creating the custodial trust, in an agreement with the beneficiary, or by court order, a custodial trustee:

(a) Is entitled to reimbursement from custodial trust property for reasonable expenses incurred in the performance of fiduciary services;

(b) Has a noncumulative election, to be made no later than six months after the end of each calendar year, to charge a reasonable compensation for fiduciary services performed during that year; and

(c) Need not furnish a bond or other security for the faithful performance of fiduciaryduties.

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§ 15-1.5-113. Declination, resignation, incapacity, death, or removal of custodial trustee - designation of successor custodial trustee
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§ 15-1.5-115. Reporting and accounting by custodial trustee - determination of liability of custodial trustee