Arkansas Code § 28-72-408 - General Powers of Custodial Trustee

(a) A custodial trustee, acting in fiduciary capacity, has all the rights and powers of 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 ยง 28-72-407.

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Last modified: November 15, 2016