(1) A custodian is entitled to reimbursement from custodial property for reasonable expenses incurred in the performance of the custodian’s duties.

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(2) Except for one who is a transferor under ORS § 126.816, a custodian has a noncumulative election during each calendar year to charge reasonable compensation for services performed during that year.

(3) Except as provided in ORS § 126.862 (6), a custodian need not give a bond. [1985 c.665 § 16]

[1959 c.640 § 11; repealed by 1967 c.300 § 7; (126.856 enacted in lieu of 126.855)]

[1967 c.300 § 8 (enacted in lieu of 126.855); 1973 c.823 § 114; 1981 c.443 § 6; repealed by 1985 c.665 § 27]