565B.13 Powers of custodian.
56 words·~1 min read·
/ia/chapter-565b-transfers-to-minors/565b-13·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
1. 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.
2. This section does not relieve a custodian from liability for breach of section 565B.12.