Rights and powers
Sec. 28. (a) A custodial trustee acting in a fiduciary capacity has
all the rights and powers over custodial trust property which an
unmarried adult owner has over individually owned property, but a
custodial trustee may exercise those rights and powers in a fiduciary
capacity only.
(b) This section does not relieve a custodial trustee from liability
for a violation of section 27 of this chapter.
As added by P.L.3-2003, SEC.1.
Last modified: May 27, 2006