Oklahoma Statutes (Last Updated: September 18, 2014)

§ 58-1216. Expenses and compensation of custodian - Bond.

Latest version.

A. 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.

Added by Laws 1986, c. 261, § 16, eff. Nov. 1, 1986.

                    
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