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Code · Massachusetts · Part II — REAL AND PERSONAL PROPERTY AND DOMESTIC RELATIONS · Title II — PROCEEDINGS IN CRIMINAL CASES · Chapter 203B

Section 8: Trustee's rights and powers over trust property

64 words·~1 min read·/ma/part-ii/title-ii/chapter-203b/8

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Section 8.
(a)A custodial trustee, acting in a fiduciary capacity, shall have 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 such rights and powers in a fiduciary capacity only.
(b)This section shall not relieve a custodial trustee from liability for a violation of section seven.
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