Oklahoma § 58-1216 - Expenses and compensation of custodian - Bond
Full text of Oklahoma Oklahoma Statutes § 58-1216 — Expenses and compensation of custodian - Bond, with citation guidance and answers to common questions.
§ 58-1216. Expenses and compensation of custodian - Bond
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 pursuant to the
provisions of Section 5 of this act, a custodian has a noncumulative
election during each calendar year to charge reasonable compensation
for services performed during that year.
C. Except as provided for in subsection F of Section 19 of this
act, a custodian need not give a bond.
Added by Laws 1986, c. 261, § 16, eff. Nov. 1, 1986.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 58-1216
What does Oklahoma Statutes § 58-1216 cover?
Section 58-1216 ("Expenses and compensation of custodian - Bond") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. 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 Oklahoma § 58-1216?
A common citation format is "Oklahoma Statutes § 58-1216" (Oklahoma). 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 Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 58-1216 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma 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 Oklahoma.