Section 64.2-913 - Expenses, compensation, and bond of custodial trusteeExcept as otherwise provided in the instrument creating the custodial trust, in an agreement with the beneficiary, or by court order, a custodial trustee:
1. Is entitled to reimbursement from custodial trust property for reasonable expenses incurred in the performance of fiduciary services;2. Has a noncumulative election, to be made no later than six months after the end of each calendar year, to charge a reasonable compensation for fiduciary services performed during that year; and3. Need not furnish a bond or other security for the faithful performance of fiduciary duties.1990, c. 264, § 55-34.14; 2012, c. 614.Amended by Acts 2012, § c. 614.Amended by Acts 1990, § c. 264, § 55-34.14.