Tex. Property Code § 141.016
This is the official text of Tex. Property Code § 141.016, part of Texas’s Property Code — governs real property, landlord-tenant law, and property transactions.
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§ 141.016. CUSTODIAN'S EXPENSES, COMPENSATION, AND BOND.
Official statutory text
(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 Section 141.005, a custodian has a noncumulative election during each calendar year to charge reasonable compensation for services performed by the custodian during that year.
(c) Except as provided by Section 141.019(f), a custodian is not required to give a bond.
(b) Except for one who is a transferor under Section 141.005, a custodian has a noncumulative election during each calendar year to charge reasonable compensation for services performed by the custodian during that year.
(c) Except as provided by Section 141.019(f), a custodian is not required to give a bond.
Status: in_force · Read it on the official government site
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