North Dakota Code 47-24.1-15 – Custodian’s expense, 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.
Terms Used In North Dakota Code 47-24.1-15
- Property: includes property, real and personal. See North Dakota Code 1-01-49
- year: means twelve consecutive months. See North Dakota Code 1-01-33
2. Except for one who is a transferor under section 47-24.1-12, 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 subsection 6 of section 47-24.1-18, a custodian need not give a bond.