Laws of New York (Last Updated: November 21, 2014) |
EPT Estates, Powers and Trusts |
Article 7. TRUSTS |
Part 6. UNIFORM TRANSFERS TO MINORS ACT |
Section 7-6.13. Powers of custodian
Latest version.
-
(a) A custodian, acting in a custodial capacity, has all the rights, powers, and authority over custodial property that unmarried adult owners have over their own property, but a custodian may exercise those rights, powers, and authority in that capacity only. (b) This section does not relieve a custodian from liability for breach of 7-6.12.