Wis. Stat. § 54.976
This is the official text of Wis. Stat. § 54.976, part of Wisconsin’s Wisconsin Statutes — the complete compiled statutory law of Wisconsin, organized into numbered chapters by subject.
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Expenses, compensation and bond of custodial trustee.
Official statutory text
Except as otherwise provided in the instrument creating the custodial trust, in an agreement with the beneficiary or by court order, all of the following apply to a custodial trustee:
(1) A custodial trustee is entitled to reimbursement from custodial trust property for reasonable expenses incurred in the performance of fiduciary services.
(2) A custodial trustee has a noncumulative election, to be made no later than 6 months after the end of each calendar year, to charge a reasonable compensation for fiduciary services performed during that year.
(3) A custodial trustee need not furnish a bond or other security for the faithful performance of fiduciary duties.
History: 1991 a. 246 ; 2005 a. 387 s. 567 ; Stats. 2005 s. 54.976.
(1) A custodial trustee is entitled to reimbursement from custodial trust property for reasonable expenses incurred in the performance of fiduciary services.
(2) A custodial trustee has a noncumulative election, to be made no later than 6 months after the end of each calendar year, to charge a reasonable compensation for fiduciary services performed during that year.
(3) A custodial trustee need not furnish a bond or other security for the faithful performance of fiduciary duties.
History: 1991 a. 246 ; 2005 a. 387 s. 567 ; Stats. 2005 s. 54.976.
Status: in_force · Read it on the official government site
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