A custodian is entitled to reimbursement from custodial property for reasonable expenses incurred in the performance of the custodian's duties. Except for one who is a transferor under § 55-10A-4, a custodian has a noncumulative election during each calendar year to charge reasonable compensation for services performed during that year. Except as provided in § 55-10A-20, a custodian need not give a bond.
S.D. Codified Laws § 55-10A-17
Custodian's expenses, compensation, and bond
Known as the South Dakota Uniform Transfers to Minors Act
The act spans §§ 55-10A-1–55-10A-9 (26 sections).
Source: SL 1986, ch 409, § 17.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.