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

   (2) Except for one who is a transferor under s. 710.105, 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 s. 710.121(6), a custodian need not give a bond.

s. 1, ch. 85-95.