2007 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
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
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
Official Publication of the State of Minnesota
Revisor of Statutes