Revisor Home

Title XXVI TRADE AND COMMERCE

Chapter 404

previous next Effective - 28 Aug 1985bottom

  404.054.  Compensation and expenses of custodian — bond required, when — custodian's claims not lien on custodial property. — 1.  A custodian is entitled to reimbursement from custodial property for reasonable expenses incurred in the performance of the custodian's duties.

  2.  A custodian who is not a donor may each year elect to receive from the custodial property reasonable compensation for services as custodian.  If an election is not affirmatively made during the calendar year, the right to compensation for that year shall lapse.

  3.  A custodian is not required to give a bond for the performance of the custodian's duties unless required by court order.

  4.  No claim of a custodian for expenses or compensation shall constitute a claim or lien on custodial property transferred by the custodian to a third person or to the minor.

­­--------

(L. 1985 S.B. 35, et al. § 6)


---- end of effective   28 Aug 1985 ----

use this link to bookmark section  404.054


In accordance with Section 3.090, the language of statutory sections enacted during a legislative session are updated and available on this website on the effective date of such enacted statutory section. Revisor Home    

Other Information
 Recent Sections Editorials May Be Cited As Tables & Forms Multiple Enact
Repeal & Transfer Definitions

Site changes Contact
Other Links
Oversight Library MO WebMasters
Senate
Missouri Senate
State of Missouri
MO.gov
House
Missouri House

@09:06:24.2 30