Custodian’s expenses; compensation; bond. (a) A custodian is entitled to reimbursement from custodial property for reasonable expenses incurred in the performance of the custodian’s duties. (b) Except for one who is a transferor under section 21-304, a custodian has a non-cumulative election during each calendar year to charge reasonable compensation for services performed during that year. (c) Except as provided in section 21-318(f), a custodian need not give a bond. (Mar. 12, 1986, D.C. Law 6-87, § 2(a), 33 DCR 278.) Prior Codifications 1981 Ed., § 21-315. Editor's Notes Uniform Law: This section is based upon § 15 of the Uniform Transfers to Minors Act.
District of Columbia Legal Code