State Codes and Statutes
Statutes > Maryland > Estates-and-trusts > Title-13 > Subtitle-3 > 13-315§ 13-315. Compensation of custodian; bond.
(a) Entitlement.- A custodian is entitled to reimbursement from custodial property for reasonable expenses incurred in the performance of the custodian's duties.
(b) Noncumulative election to charge annual compensation.- Except for one who is a transferor under § 13-304 of this subtitle, a custodian has a noncumulative election during each calendar year to charge reasonable compensation for services performed during that year.
(c) Bond.- Except as provided in § 13-318 (f) of this subtitle, a custodian need not give a bond.
[1989, ch. 638.]
