California Probate Code 3915 – (a) A custodian is entitled to reimbursement from custodial …
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(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 Section 3904, a custodian has a noncumulative election during each calendar year to charge reasonable compensation for services performed during that year.
Terms Used In California Probate Code 3915
- Property: means anything that may be the subject of ownership and includes both real and personal property and any interest therein. See California Probate Code 62
- Transferor: means the testator, settlor, grantor, owner, or other person who executes an instrument. See California Probate Code 81
(c) Except as provided in subdivision (f) of Section 3918, a custodian need not give a bond.
(Enacted by Stats. 1990, Ch. 79.)