N.Y. Estates, Powers & Trusts Law § 7-6.15: Custodian's expenses, compensation, and bond

§ 7-6.15 Custodian's expenses, compensation, and bond

(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 7-6.4, a custodian has an

election during each calendar year to charge reasonable compensation for

services performed during that year. A custodian's election to charge

reasonable compensation for a calendar year must be exercised during the

calendar year.

(c) Except as provided in paragraph (f) of 7-6.18, a custodian shall

not be required to give a bond.