State Codes and Statutes
Statutes > North-carolina > Chapter_33B > GS_33B-14§33B‑14. Expenses, compensation, and bond of custodial trustee.
Except as otherwise providedin the instrument creating the custodial trust, in an agreement with thebeneficiary, or by court order, a custodial trustee:
(1) Is entitled toreimbursement from custodial trust property for reasonable expenses incurred inthe performance of fiduciary services;
(2) May charge, no laterthan six months after the end of each calendar year, a reasonable compensationfor fiduciary services performed during that year; and
(3) Need not furnish abond or other security for the faithful performance of fiduciary duties. (1995,c. 486, s. 1.)
