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Minnesota Legislature

Office of the Revisor of Statutes

527.35 CUSTODIAN'S EXPENSES, COMPENSATION, AND 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 527.24, a custodian has a noncumulative election during each calendar year to charge reasonable compensation for services performed during that year.

(c) Except as provided in section 527.38, paragraph (f), a custodian need not give a bond.

History:

1985 c 221 s 15