Compensation of custodian or guardian; bond; liability of custodian serving without compensation

§ 21–305. Compensation of custodian or guardian; bond; liability of custodian serving without compensation (a) A custodian is entitled to reasonable compensation for his services and to reimbursement from the custodial property for his reasonable expenses incurred in the performance of his duties, but may act without compensation, (b) Compensation for a guardian or custodian shall be according to: (1) any direction of the donor when the gift is made, where it is not in excess of a statutory limitation of the District of Columbia for guardians or custodians; (2) any statute of the District of Columbia applicable to custodians or guardians; (3) any order of the court. (c) A custodian may not be required to give a bond for the performance of his duties. (d) 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 prescribed by this chapter.