{"data":{"id":"us-ma/mass.-gen.-laws-ch.-203b-14","jurisdiction":"us-ma","citation":"Mass. Gen. Laws ch. 203B, § 14","heading":"Expenses; bond","body":"Section 14. Except as otherwise provided in the instrument creating the custodial trust, in an agreement with the beneficiary, or by court order, a custodial trustee:\n(1) shall be entitled to reimbursement from custodial trust property for reasonable expenses incurred in the performance of fiduciary services;\n(2) shall have a noncumulative election, to be made no later than six months after the end of each calendar year, to charge a reasonable compensation for fiduciary services performed during such year; and\n(3) need not furnish a bond or other security for the faithful performance of fiduciary duties.","path":["Part II","Title II","Chapter 203B"],"source_url":"https://malegislature.gov/Laws/GeneralLaws/PartII/TitleII/Chapter203B/Section14","current_through":"amendments passed before May 31, 2026","vintage":"","retrieved_at":"2026-09-17T05:24:34Z","sha256":"56b56576fb76a3e69620dcbab02f1a3fda35f838564561275bcc61e6200e88e7","source_id":"us-ma","stale":false,"prev":"us-ma/mass.-gen.-laws-ch.-203b-13","next":"us-ma/mass.-gen.-laws-ch.-203b-15"},"notice":"GroundRules: Original legal text. Not legal advice."}