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 565B.4 , 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 section 565B.18, subsection 6 , a custodian need not give a bond. 86 Acts, ch 1035, §15