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La. R.S. 9:765

Expenses, compensation, and bond of custodian

Known as the Louisiana Uniform Transfers to Minors Act

The act spans §§ 9–9 (40 sections).

Acts 1987, No. 469, §1, eff

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 R.S. 9:754, a custodian has a non-cumulative election during each calendar year to charge reasonable compensation for services performed during that year.

C. Except as otherwise provided in R.S. 9:768(F), a custodian need not give a bond.

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