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§ 1216. Expenses and compensation of custodian--Bond

Oklahoma Statutes AnnotatedTitle 58. Probate Procedure

Oklahoma Statutes Annotated
Title 58. Probate Procedure (Refs & Annos)
Chapter 20. Uniform Transfers to Minors Act (Refs & Annos)
58 Okl.St.Ann. § 1216
§ 1216. Expenses and compensation of custodian--Bond
Currentness
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 pursuant to the provisions of Section 5 of this act,1 a custodian has a noncumulative election during each calendar year to charge reasonable compensation for services performed during that year.
C. Except as provided for in subsection F of Section 19 of this act,2 a custodian need not give a bond.

Credits

Laws 1986, c. 261, § 16, eff. Nov. 1, 1986.

Footnotes

1
Title 58, § 1205.
2
Title 58, § 1219.
58 Okl. St. Ann. § 1216, OK ST T. 58 § 1216
Current with emergency effective legislation through Chapter 3 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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