[554B-8] General powers of custodial trustee. (a) A custodial trustee, acting in a fiduciary capacity, has all the rights, powers, and authority over custodial trust property that an unmarried adult owner has over individually owned property, but a custodial trustee may exercise those rights, powers, and authority in a fiduciary capacity only.

(b) This section does not relieve a custodial trustee from liability for breach of section 554B-7. [L 1989, c 76, pt of 1]

 

 

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