Powers of custodian
Sec. 28. (a) A custodian acting in a custodial capacity has all the
rights, powers, and authority over custodial property that an
unmarried adult owner has over the adult owner's own property, but
a custodian may exercise those rights, powers, and authority in a
custodial capacity only.
(b) This section does not relieve a custodian from liability for
breach of the requirements of section 27 of this chapter.
As added by P.L.267-1989, SEC.2.
Last modified: May 27, 2006