§554B-14 - Expenses, compensation, and bond of custodial trustee. - Hawaii Statutes

     [§554B-14]  Expenses, compensation, and bond of custodial trustee.  Except as provided otherwise in the custodial trust instrument, in an agreement with the beneficiary, or by court order:

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

     (2)  A custodial trustee has a noncumulative election to be made no later than six months following the end of each calendar year to charge a reasonable compensation for fiduciary services performed during that year; and

     (3)  A custodial trustee need not post a bond for faithful performance of the custodial trust. [L 1989, c 76, pt of §1]