Title 167 · NRS Chapter 167

Expenses, compensation and bond of custodian.

Citation: NRS 167.060

Section: 167.167.060

NRS

167.060

Expenses, compensation and bond of custodian.

1. A custodian is entitled to reimbursement from the custodial property for reasonable expenses incurred in the performance of the custodian’s duties.

2. Unless a custodian is a transferor under NRS 167.023 , the custodian may elect to receive from the custodial property during each calendar year reasonable compensation for the custodian’s services performed during that year.

3. Except as otherwise provided in this chapter, a custodian need not give a bond for the performance of his or her duties.

(Added to NRS by 1957, 24 ; A 1985, 77 )