§ 9-26-215 - Custodian's expenses -- Compensation -- Bond. - Arkansas Statutes

9-26-215. Custodian's expenses -- Compensation -- Bond.

(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 9-26-204, a custodian shall have a non-cumulative election during each calendar year to charge reasonable compensation for services performed during that year.

(c) Except as provided in 9-26-218(f), a custodian shall not be required to give a bond.