{"data":{"id":"us-nm/46-7-26","jurisdiction":"us-nm","citation":"46-7-26","heading":"Custodian's expenses, compensation and bond.","body":"A. A custodian is entitled to reimbursement from custodial property for reasonable expenses incurred in the performance of the custodian's duties.\nB. Except for one who is a transferor under Section 5 [46-7-15 NMSA 1978] of the Uniform Transfers to Minors Act a custodian has a noncumulative election during each calendar year to charge reasonable compensation for services performed during that year.\nC. Except as provided in Subsection F of Section 19 [46-7-29 NMSA 1978] of the Uniform Transfers to Minors Act, a custodian need not give a bond.","path":["Chapter 46 - Fiduciaries and Trusts","ARTICLE 7 Transfers to Minors"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18547/index.do","current_through":"2024-04-26","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"6435e25dfe0b2371b07353f9cca8bbeb08462b9d1958642fc7fa48fe74ef8ada","source_id":"us-nm","stale":false,"prev":"us-nm/46-7-25","next":"us-nm/46-7-27"},"notice":"GroundRules: Original legal text. Not legal advice."}