TITLE 72. ESTATES, TRUSTS, AND FIDUCIARY RELATIONSHIPS

CHAPTER 26. UNIFORM TRANSFERS TO MINORS ACT

Part 7. Administration by Custodian -- Liability

Powers Of Custodian

72-26-701. Powers of custodian. (1) A custodian, acting in a custodial capacity, has all the rights, powers, and authority over custodial property that unmarried adult owners have over their own property, but a custodian may exercise those rights, powers, and authority in that capacity only.

(2) This section does not relieve a custodian from liability for breach of 72-26-702.

History: En. Sec. 15, Ch. 102, L. 1985.