Accounting by and determination of liability of custodian.

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(1) A minor who has attained the age of fourteen years, the minor's guardian or legal representative, an adult member of the minor's family, a transferor, or a transferor's legal representative may petition the court:

  1. For an accounting by the custodian or the custodian's legal representative; or

  2. For a determination of responsibility, as between the custodial property and the custodian personally, for claims against the custodial property unless the responsibility has been adjudicated in an action under section 11-50-118 to which the minor or the minor's legal representative was a party.

  1. A successor custodian may petition the court for an accounting by the predecessorcustodian.

  2. The court, in a proceeding under this article or in any other proceeding, may requireor permit the custodian or the custodian's legal representative to account.

  3. If a custodian is removed under section 11-50-119 (6), the court shall require anaccounting and order delivery of the custodial property and records to the successor custodian and the execution of all instruments required for transfer of the custodial property.

Source: L. 84: Entire article R&RE, p. 392, § 1, effective July 1.

Editor's note: This section is similar to former § 11-50-109 as it existed prior to 1984.


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