Mich. Comp. Laws § 554.540: Custodian; expenses; compensation; bond.

Sec. 20.

A custodian is entitled to reimbursement from custodial property for reasonable expenses incurred in the performance of the custodian's duties. Except for a person who is a transferor under section 8, a custodian has a noncumulative election during each calendar year to charge reasonable compensation for services performed during that year.

Except as provided in section 24, a custodian need not give a bond.