§ 13-315. Compensation of custodian; bond

MD Est & Trusts Code § 13-315 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

(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 § 13-304 of this subtitle, a custodian has a noncumulative election during each calendar year to charge reasonable compensation for services performed during that year.

(c)    Except as provided in § 13-318(f) of this subtitle, a custodian need not give a bond.