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Massachusetts · Through amendments passed before May 31, 2026

Mass. Gen. Laws ch. 201A, § 15: Custodian's expenses, compensation, and bond

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Where this section sits in the code
  1. Part II
  2. Title II
  3. 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

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