§ 18-7-16 - Custodian's expenses, compensation, and bond. - Rhode Island Statutes

SECTION 18-7-16

   § 18-7-16  Custodian's expenses,compensation, and bond. – (a) A custodian is entitled to reimbursement from custodial property forreasonable expenses incurred in the performance of the custodian's duties.

   (b) Except for one who is a transferor under § 18-7-5, acustodian has a noncumulative election during each calendar year to chargereasonable compensation for services performed during that year.

   (c) Except as provided in § 18-7-19(f), a custodian neednot give a bond.