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AS 13.46.140

Custodian's expenses, compensation, and bond

Known as the Alaska Uniform Transfers to Minors Act

The act spans §§ 13–13 (27 sections).

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

(b) Except for one who is a transferor under AS 13.46.030, a custodian has a noncumulative election during each calendar year to charge reasonable compensation for services performed during that year.

(c) Except as provided in AS 13.46.170(f), a custodian is not required to give a bond.

Official source: Alaska State Legislature. Reproduced from public-domain Alaska statutes; confirm against the official source for the current text. Not legal advice.