Custodian's expense, compensation, and bond
N.D. Cent. Code § 47-24.1-15
in effect47-24.1-15. Custodian's expense, 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 47-24.1-12, 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 subsection 6 of section 47-24.1-18, a custodian need not give a
bond.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t47c24-1.pdf#nameddest=47-24p1-15Fetched: 10/16/2026