Section 55-10A-17 - Custodian's expenses, compensation, and bond. - South Dakota Statutes

55-10A-17. Custodian's expenses, compensation, and bond. A custodian is entitled to reimbursement from custodial property for reasonable expenses incurred in the performance of the custodian's duties. Except for one who is a transferor under § 55-10A-4, a custodian has a noncumulative election during each calendar year to charge reasonable compensation for services performed during that year. Except as provided in § 55-10A-20, a custodian need not give a bond.

Source: SL 1986, ch 409, § 17.