§ 19-1108. General powers of custodial trustee.

Current through October 23, 2012

(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.

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

HISTORICAL AND STATUTORY NOTES

Legislative History of Laws

For Law 14-177, see notes following § 19-1101.