Mass. Gen. Laws ch. 201A, § 15: Custodian's expenses, compensation, and bond
Where this section sits in the code
- Part II
- Title II
- Chapter 201A
Section 15. (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 four, 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 paragraph (f) of section eighteen, a custodian need not give a bond for the faithful performance of his duties.
Collected 2026-09-17T05:24:33Z. Source file · JSON