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Conn. Gen. Stat. § 45a-559

Custodian's expenses, compensation and bond

Known as the Connecticut Uniform Transfers to Minors Act

The act spans §§ 45–45 (26 sections).

(P.A. 95-117, S. 16.)

(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 section 45a-558a , 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 subsection (f) of section 45a-559c , a custodian need not give a bond.

Official source: Connecticut General Assembly. Reproduced from public-domain Connecticut statutes; confirm against the official source for the current text. Not legal advice.