Section 54.882. Custodian's expenses, compensation and bond.

 

(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 a person who is a transferor under s. 54.860 , 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 s. 54.888 (6) , a custodian need not give a bond.

1987 a. 191 ; 2005 a. 387 s. 541 ; Stats. 2005 s. 54.882.