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

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

(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. 
 

Sources: Laws,  1994, ch. 416, § 16, eff from and after January 1, 1995.