Section 5. Acquisition and Loss of Property, 44-5-1 through 44-5-230.
ARTICLE 5
THE GEORGIA TRANSFERS TO MINORS ACT
44-5-125. Compensation; expenses of custodian; bond.
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A custodian is entitled to reimbursement from custodial property for reasonable expenses incurred in the performance of the custodian's duties.
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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.
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Except as provided in subsection (f) of Code Section 44-5-128, a custodian need not give a bond.
(Code 1981, §44-5-125, enacted by Ga. L. 1990, p. 667, § 1.)
RESEARCH REFERENCES
U.L.A.
- Uniform Transfers to Minors Act (U.L.A.)
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15.
