{"jurisdiction": "us-ny", "code": "eptl", "section": "7-6.15", "citation": "EPTL § 7-6.15", "heading": "Custodian's expenses, compensation, and bond", "text": ["§ 7-6.15 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 7-6.4, a custodian has an election during each calendar year to charge reasonable compensation for services performed during that year. A custodian's election to charge reasonable compensation for a calendar year must be exercised during the calendar year.", "(c) Except as provided in paragraph (f) of 7-6.18, a custodian shall not be required to give a bond."], "official_source": "https://www.nysenate.gov/legislation/laws/EPT/7-6.15", "from_official_api": true, "plain_english": "- **(a)** A custodian may **reimburse reasonable expenses** from custodial property.\n- **(b)** Except for a transferor under **§ 7-6.4**, the custodian may elect **during each calendar year** to charge reasonable compensation for that year.\n- **(c)** No bond is required except as **§ 7-6.18(f)** provides. ★", "in_force_on": "2026-05-31", "retrieved": "2026-09-27", "url": "https://elyphived.com/us-ny/eptl/7-6.15", "publisher": "Elyphived LLC"}