(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.

CREDIT(S)

(Mar. 12, 1986, D.C. Law 6-87, § 2(a), 33 DCR 278.)

HISTORICAL AND STATUTORY NOTES

Prior Codifications
1981 Ed., § 21-315.
Legislative History of Laws
For legislative history of D.C. Law 6-87, see Historical and Statutory Notes following § 21-301.
Uniform Law
This section is based upon § 15 of the Uniform Transfers to Minors Act. See 8B Uniform Laws Annotated, Master Edition, or ULA Database on WESTLAW.

(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.

CREDIT(S)

(Mar. 12, 1986, D.C. Law 6-87, § 2(a), 33 DCR 278.)

HISTORICAL AND STATUTORY NOTES

Prior Codifications
1981 Ed., § 21-315.
Legislative History of Laws
For legislative history of D.C. Law 6-87, see Historical and Statutory Notes following § 21-301.
Uniform Law
This section is based upon § 15 of the Uniform Transfers to Minors Act. See 8B Uniform Laws Annotated, Master Edition, or ULA Database on WESTLAW.