Rights, powers and authority of custodians over property.

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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. The provisions of this section do not relieve a custodian from liability for breach of the provisions of Section 13 of this act.

Added by Laws 1986, c. 261, § 14, eff. Nov. 1, 1986.


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