{"data":{"id":"us-ri/r.i.-gen.-laws-18-7-16","jurisdiction":"us-ri","citation":"R.I. Gen. Laws § 18-7-16","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.\n(b) Except for one who is a transferor under § 18-7-5, a custodian has a noncumulative election during each calendar year to charge reasonable compensation for services performed during that year.\n(c) Except as provided in § 18-7-19(f), a custodian need not give a bond.","path":["Title 18 Fiduciaries","Chapter 7 Uniform Transfers to Minors Act"],"source_url":"https://webserver.rilegislature.gov/Statutes/TITLE18/18-7/18-7-16.htm","current_through":"site files published 2025-08-13","vintage":"","retrieved_at":"2026-09-05T19:56:08Z","sha256":"a56fcd82dcb115926da706bafe94dee0806548378d18014de14c5587f3a0d3d5","source_id":"us-ri","stale":true,"prev":"us-ri/r.i.-gen.-laws-18-7-15","next":"us-ri/r.i.-gen.-laws-18-7-17"},"notice":"GroundRules: Original legal text. Not legal advice."}