§ 91-20-31. Reimbursement of custodian for expenses; compensation of custodian; bond unnecessary

MS Code § 91-20-31 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

(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 91-20-9, 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 Section 91-20-37(6), a custodian need not give a bond.