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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>78698</law_id><section_number>64.2-1914</section_number><catch_line>Custodian&amp;#8217;s expenses, compensation, and bond</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="64.2">Wills, Trusts, and Fiduciaries</unit><unit label="subtitle" level="2" order_by="1" identifier="IV">Fiduciaries and Guardians</unit><unit label="part" level="3" order_by="1" identifier="C">Guardianship of Minor</unit><unit label="chapter" level="4" order_by="1" identifier="19">Virginia Uniform Transfers to Minors Act</unit></structure><text>
						<section id="A"><p><span class="prefix-number">A.</span> A <span class="dictionary">custodian</span> is entitled to reimbursement from <span class="dictionary">custodial property</span> for reasonable expenses incurred in the performance of the <span class="dictionary">custodian</span>&#x2019;s duties. <a id="paragraph-282008" class="section-permalink" href="https://vacode.org/64.2-1914/#A"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> A <span class="dictionary">custodian</span>, other than one who is a <span class="dictionary">transferor</span> under &#xA7; <a class="law" title="Transfer by gift or exercise of power of appointment" href="/64.2-1903/">64.2-1903</a>, has a noncumulative election during each calendar year to charge reasonable compensation for services performed during that year. <a id="paragraph-282009" class="section-permalink" href="https://vacode.org/64.2-1914/#B"><i class="fa fa-link"/></a></p></section>
						<section id="C"><p><span class="prefix-number">C.</span> Except upon <span class="dictionary">petition</span> as provided in subsection F of &#xA7; <a class="law" title="Renunciation, resignation, death, or removal of custodian; designation of successor custodian" href="/64.2-1917/">64.2-1917</a>, a <span class="dictionary">custodian</span> need not give a <span class="dictionary">bond</span>. <a id="paragraph-282010" class="section-permalink" href="https://vacode.org/64.2-1914/#C"><i class="fa fa-link"/></a></p></section></text><history>1988, c. 516, &#xA7; 31-51; 2012, c. 614.</history><metadata></metadata></law>
