Guam § 12105 - Custodian=s Expenses, Compensation, Bond and Liabilities.

§ 12105. Custodian=s Expenses, Compensation, Bond and Liabilities.

(a) A custodian is entitled to reimbursement from the custodial

property for his reasonable expenses incurred in the performance of his

duties.

(b) A custodian may act without compensation for his services.

(c) Unless he is a donor, a custodian may receive from the custodial

property reasonable compensation for his services determined by one of the

following standards in the order stated:

(1) A direction by the donor when the gift is made;

(2) A statute of Guam applicable to custodians;

(3) The statute of Guam applicable to guardians;

(4) An order of the court.

(d) Except as otherwise provided in this Chapter, a custodian shall not

be required to give a bond for the performance of his duties.

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(e) A custodian not compensated for his services is not liable for losses

to the custodial property unless they result from his bad faith, intentional

wrongdoing or gross negligence or from his failure to maintain the standard

of prudence in investing the custodial property provided in the Article.