O.C.G.A.
O.C.G.A.

O.C.G.A. § 44-5-125 (2019)

Compensation; expenses of custodian; bond

✓ O.C.G.A. — 2019 edition (Public.Resource.Org Release 73)
Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.
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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 Code Section 44-5-114, a custodian has a noncumulative election during each calendar year to charge reasonable compensation for services performed during that year. (c) Except as provided in subsection (f ) of Code Section 44-5-128, a custodian need not give a bond.

History

(Code 1981, § 44-5-125, enacted by Ga. L. 1990, p. 667, § 1.)

Annotations

RESEARCH REFERENCES U.L.A. - Uniform Transfers to Minors Act (U.L.A.) § 15.