Michigan Compiled Laws § 554.538 Rights, Powers, And Authority Over Custodial Property; Limitation.

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: October 10, 2016