1. (a) A custodian is entitled to reimbursement from custodial property for reasonable expenses incurred in the performance of the custodian's duties.
2. (b) Except for one who is a transferor under Section 63-5-620, a custodian has a noncumulative election during each calendar year to charge reasonable compensation for services performed during that year.
3. (c) Except as provided in Section 63-5-690(f), a custodian need not give a bond.

HISTORY: 2022 Act No. 128 (H.3821), Section 1, eff April 4, 2022.