Nevada Revised Statutes 167.060 – Expenses, compensation and bond of custodian
Current as of: 2022 | Check for updates
|
Other versions
1. A custodian is entitled to reimbursement from the custodial property for reasonable expenses incurred in the performance of the custodian’s duties.
Terms Used In Nevada Revised Statutes 167.060
- Custodial property: means :
(a) Any interest in property transferred to a custodian in a manner prescribed in this chapter; and
(b) The income from and the proceeds of that interest in property. See Nevada Revised Statutes 167.020
- Custodian: means a person so designated in a manner prescribed in this chapter. See Nevada Revised Statutes 167.020
- Transferor: means a person who makes a transfer in a manner prescribed in this chapter. See Nevada Revised Statutes 167.020
2. Unless a custodian is a transferor under NRS 167.023, the custodian may elect to receive from the custodial property during each calendar year reasonable compensation for the custodian’s services performed during that year.
3. Except as otherwise provided in this chapter, a custodian need not give a bond for the performance of his or her duties.