Custodian's expenses, compensation, and bond.
Utah Code § 75A-8-116
in effect75A-8-116. Custodian's expenses, compensation, and 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 Section 75A-8-105, 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 Subsection 75A-8-119(6), a custodian need not give a bond.
Renumbered and Amended by Chapter 364, 2024 General Session
Source: Utah Office of Legislative Research and General Counsel (le.utah.gov)URL: https://le.utah.gov/xcode/Title75A/Chapter8/75A-8-S116.html?v=C75A-8-S116_2024090120240501Fetched: 10/26/2026