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§ 19–1114. Expenses, compensation, and bond of custodial trustee.

DC Code § 19–1114 (2019) (N/A)
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Except as otherwise provided in the instrument creating the custodial trust, in an agreement with the beneficiary, or by court order, a custodial trustee:

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

(2) Has a noncumulative election, to be made no later than 6 months after the end of each calendar year, to charge a reasonable compensation for fiduciary services performed during that year; and

(3) Need not furnish a bond or other security for the faithful performance of fiduciary duties.

(July 23, 2002, D.C. Law 14-177, § 2(b), 49 DCR 5092.)

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§ 19–1113. Declination, resignation, incapacity, death, or removal of custodial trustee; designation of successor custodial trustee.
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§ 19–1115. Reporting and accounting by custodial trustee; determination of liability of custodial trustee.