Skip to main content Skip to office menu Skip to footer
Capital IconMinnesota Legislature

Office of the Revisor of Statutes

529.13 EXPENSES, COMPENSATION, AND BOND OF CUSTODIAL TRUSTEE.
Except as otherwise provided in the instrument creating the custodial trust, in an agreement
with the beneficiary, or by court order, a custodial trustee:
(1) is entitled to reimbursement from custodial trust property for reasonable expenses
incurred in the performance of fiduciary services;
(2) has a noncumulative election, to be made no later than six months after the end of each
calendar year, to charge a reasonable compensation for fiduciary services performed during that
year; and
(3) need not furnish a bond or other security for the faithful performance of fiduciary duties.
History: 1990 c 476 s 13