Reimbursement of custodian for expenses; compensation of custodian; bond unnecessary
Known as the Mississippi Uniform Transfers to Minors Act
The act spans §§ 91–91 (25 sections).
Laws, 1994, ch. 416, § 16, eff from and after January 1, 1995.
(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 Section 91-20-9, a custodian has a noncumulative election during each calendar year to charge reasonable compensation for services performed during that year.
(3) Except as provided in Section 91-20-37(6), a custodian need not give a bond.
Current official text: Mississippi Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Mississippi statutes; confirm against the official source for the current text. Not legal advice.