General powers of custodial trustee

  1. Law
  2. District of Columbia Code
  3. Descent, Distribution, and Trusts. [Enacted title]
  4. Custodial Trusts; Uniform Law
  5. General powers of custodial trustee

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(a) A custodial trustee, acting in a fiduciary capacity, has 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 those rights and powers in a fiduciary capacity only.

(b) This section does not relieve a custodial trustee from liability for a violation of section 19-1107.

(July 23, 2002, D.C. Law 14-177, § 2(b), 49 DCR 5092.)

Section References

This section is referenced in § 19-1106.


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