TITLE 68

TRUSTS AND FIDUCIARIES

CHAPTER 13

IDAHO UNIFORM CUSTODIAL TRUST ACT

68-1314.  Expenses, compensation and bond of custodial trustee. Except 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 (6) months after the end of each calendar year, to charge a reasonable compensation for fiduciary services performed during that year; and

(3)  Need not furnish a bond or other security for the faithful performance of fiduciary duties.

History:

[68-1314, added 1989, ch. 230, sec. 1, p. 555.]