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Alabama · Through Act 2026-611

Ala. Code § 35-5A-16: Custodian’s Expenses, Compensation, and Bond.

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Where this section sits in the code
  1. Title 35 Property.
  2. Chapter 5A Uniform Transfers to Minors Act.

(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 35-5A-5, a custodian has a noncumulative election during each calendar year to charge reasonable compensation for services performed during that year.

(c) Except as provided in subsection (f) of Section 35-5A-19, a custodian need not give a bond.

Collected 2026-09-03T14:01:51Z. Source file · JSON

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