State Codes and Statutes

State Codes and Statutes

Statutes > Nebraska > Chapter30 > 30-3515

30-3515. 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 three 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. SourceLaws 1997, LB 51, § 15.