Section 13-315 - Compensation of custodian; bond. - Maryland Statutes

§ 13-315. Compensation of custodian; bond.
 

(a)  Entitlement.- A custodian is entitled to reimbursement from custodial property for reasonable expenses incurred in the performance of the custodian's duties. 

(b)  Noncumulative election to charge annual compensation.- 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)  Bond.- Except as provided in § 13-318 (f) of this subtitle, a custodian need not give a bond. 
 

[1989, ch. 638.]