Section 8. (a) A custodial trustee, acting in a fiduciary capacity, shall have 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 such rights and powers in a fiduciary capacity only.
(b) This section shall not relieve a custodial trustee from liability for a violation of section seven.
Section: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 NextLast modified: September 11, 2015