{"data":{"id":"us-nm/45-7-515","jurisdiction":"us-nm","citation":"45-7-515","heading":"Expenses, compensation and bond of custodial trustee.","body":"Except as otherwise provided in the instrument creating the custodial trust, in an agreement with the beneficiary or by court order, a custodial trustee:\nA. is entitled to reimbursement from custodial trust property for reasonable expenses incurred in the performance of fiduciary services;\nB. has 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 that year; and\nC. need not furnish a bond or other security for the faithful performance of fiduciary duties.","path":["Chapter 45 - Uniform Probate Code","ARTICLE 7 Trust Administration"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18546/index.do","current_through":"2024-09-06","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"64a545a645e7561cc7d6637d9dc665418df186d4b27a706be316a800c6977c2a","source_id":"us-nm","stale":false,"prev":"us-nm/45-7-514","next":"us-nm/45-7-516"},"notice":"GroundRules: Original legal text. Not legal advice."}