Reimbursement to custodian for reasonable expenses
- • compensation
- • 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 one who is a transferor under ORS 126.816 (Irrevocable gifts or exercise of power of appointment), 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 ORS 126.862 (Refusal to serve as custodian) (6), a custodian need not give a bond. [1985 c.665 §16]
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent.