RS 9:2260.8
77 words·~1 min read·
/la/title-9/9-509A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
RS 9:2260.8
§2260.8. General powers of custodial trustee
A. A custodial trustee, acting in a fiduciary capacity, has all the rights and powers over custodial trust property which an 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 R.S. 9:2260.7.
Acts 1995, No. 655, §1, eff. Jan. 1, 1998.