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Rights, Powers, and Authority Over Custodial Property; Limitation - Mich. Comp. Laws Section 554.538

Legal Research Home > Michigan Laws > Real And Personal Property > Rights, Powers, and Authority Over Custodial Property; Limitation - Mich. Comp. Laws Section 554.538

554.538 Rights, powers, and authority over custodial property; limitation.

Sec. 18.

A custodian, acting in a custodial capacity, has the rights, powers, and authority over custodial property that an unmarried adult owner has over his or her own property, but a custodian may exercise those rights, powers, and authority in that capacity only. This section does not relieve a custodian from liability for breach of section 17.

History: 1998, Act 433, Imd. Eff. Dec. 30, 1998

Section: Previous 554.531 554.532 554.533 554.534 554.535 554.536 554.537 554.538 554.539 554.540 554.541 554.542 554.543 554.544 554.545 Next

Last modified: March 17, 2013