Idaho Code 68-815 – Custodian’S Expenses, Compensation, and Bond
Current as of: 2023 | Check for updates
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(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 section 68-804, Idaho Code, a custodian has a noncumulative election during each calendar year to charge reasonable compensation for services performed during that year.
Terms Used In Idaho Code 68-815
- Custodial property: means (i) any interest in property transferred to a custodian under this chapter and (ii) the income from and proceeds of that interest in property. See Idaho Code 68-801
- Custodian: means a person so designated under section 68-809, Idaho Code, or a successor or substitute custodian designated under section 68-818, Idaho Code. See Idaho Code 68-801
- Transferor: means a person who makes a transfer under this chapter. See Idaho Code 68-801
(3) Except as provided in section 68-818(6), Idaho Code, a custodian need not give a bond.