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Code · Hawaii · Hawaii Revised Statutes

[§554B-8] General powers of custodial trustee.

75 words·~1 min read·/hi/554b-8

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[§554B-8] General powers of custodial trustee.
(a)A custodial trustee, acting in a fiduciary capacity, has all the rights, powers, and authority over custodial trust property that an unmarried adult owner has over individually owned property, but a custodial trustee may exercise those rights, powers, and authority in a fiduciary capacity only.
(b)This section does not relieve a custodial trustee from liability for breach of section 554B-7. [L 1989, c 76, pt of §1]
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