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2022 Florida Statutes (Including 2022C, 2022D, 2022A, and 2023B)
SECTION 117
Custodian’s expenses, compensation, and bond.
Custodian’s expenses, compensation, and bond.
710.117 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 s. 710.105, 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 s. 710.121(6), a custodian need not give a bond.
History.—s. 1, ch. 85-95.