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Md. Code Ann., Est. & Trusts § 13-315

Known as the Maryland Uniform Transfers to Minors Act

The act spans §§ 13-301 to 13-324 (25 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 § 13-304 of this subtitle, 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 § 13-318(f) of this subtitle, a custodian need not give a bond.

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