Maine Revised Statutes Title 33 Sec. 1666 – Custodian’s expenses, compensation and bond
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1. Reimbursement. A custodian is entitled to reimbursement from custodial property for reasonable expenses incurred in the performance of the custodian’s duties.
[PL 1987, c. 734, §2 (NEW).]
Terms Used In Maine Revised Statutes Title 33 Sec. 1666
- Year: means a calendar year, unless otherwise expressed. See Maine Revised Statutes Title 1 Sec. 72
2. Compensation. Except for one who is a transferor under section 1655, a custodian has a noncumulative election during each calendar year to charge reasonable compensation for services performed during that year.
[PL 1987, c. 734, §2 (NEW).]
3. Bond. Except as provided in section 1669, subsection 6, a custodian need not give a bond.
[PL 1987, c. 734, §2 (NEW).]
SECTION HISTORY
PL 1987, c. 734, §2 (NEW).