Minnesota § 529.13 - EXPENSES, COMPENSATION, AND BOND OF CUSTODIAL TRUSTEE
Full text of Minnesota Minnesota Statutes § 529.13 — EXPENSES, COMPENSATION, AND BOND OF CUSTODIAL TRUSTEE, with citation guidance and answers to common questions.
§ 529.13. EXPENSES, COMPENSATION, AND BOND OF CUSTODIAL TRUSTEE
Except as otherwise provided in the instrument creating the custodial trust, in an agreement with the beneficiary, or by court order, a custodial trustee:
(1) is entitled to reimbursement from custodial trust property for reasonable expenses incurred in the performance of fiduciary services;
(2) has a noncumulative election, to be made no later than six months after the end of each calendar year, to charge a reasonable compensation for fiduciary services performed during that year; and
(3) need not furnish a bond or other security for the faithful performance of fiduciary duties.
History:
Official Publication of the State of Minnesota
Revisor of Statutes
Source: official Minnesota text · Last verified 2026-08-27
Frequently Asked Questions About Minnesota § 529.13
What does Minnesota Statutes § 529.13 cover?
Section 529.13 ("EXPENSES, COMPENSATION, AND BOND OF CUSTODIAL TRUSTEE") is part of the Minnesota Statutes, the codified statutory law of Minnesota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Minnesota § 529.13?
A common citation format is "Minnesota Statutes § 529.13" (Minnesota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Minnesota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Minnesota official source linked on this page or consult a licensed Minnesota attorney.
How does Minnesota § 529.13 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Minnesota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Minnesota.