Section 1216 - Expenses and compensation of custodian - BondA. 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 pursuant to the provisions of Section 5 of this act, a custodian has a noncumulative election during each calendar year to charge reasonable compensation for services performed during that year.C. Except as provided for in subsection F of Section 19 of this act, a custodian need not give a bond.Okla. Stat. tit. 58, § 1216
Added by Laws 1986, HB 1227, c. 261, § 16, eff. 11/1/1986.