Official Code of Georgia Annotated

Title 44. PROPERTY · Chapter 5. ACQUISITION AND LOSS OF PROPERTY · Article 5. THE GEORGIA TRANSFERS TO MINORS ACT

44-5-125. Compensation; expenses of custodian; bond.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

(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 Code Section 44-5-114, 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 subsection (f) of Code Section 44-5-128, a custodian need not give a bond.#

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

Code 1981, § 44-5-125, enacted by Ga. L. 1990, p. 667, § 1.

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Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t44-ch1-7-(v31)-2010-pdf.pdf, Volume V31, 2010 edition, page 491; merge action: carried; file SHA-256 490191d3dc54.