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Ark. Code Ann. § 9-26-215

Custodian's expenses — Compensation — Bond

Acts 1985, No. 476, § 15; A.S.A. 1947, § 50-948.

(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 § 9-26-204, a custodian shall have a non-cumulative election during each calendar year to charge reasonable compensation for services performed during that year.

(3) Except as provided in § 9-26-218(f), a custodian shall not be required to give a bond.

Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.