[§553A-15]  Custodian's expenses, compensation, and bond.  (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 under section 553A-4, a custodian has a noncumulative election during each calendar year to charge reasonable compensation for services performed during that year.

     (c)  Except as provided in section 553A-18(f), a custodian need not give a bond. [L 1985, c 91, pt of §1]