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Code · Michigan · Chapter 554 — Real and Personal Property

554.538 Rights, powers, and authority over custodial property; limitation.

77 words·~1 min read·/mi/chapter-554/554-538

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554.538 Rights, powers, and authority over custodial property; limitation.
Sec. 18.
A custodian, acting in a custodial capacity, has the rights, powers, and authority over custodial property that an unmarried adult owner has over his or her own property, but a custodian may exercise those rights, powers, and authority in that capacity only. This section does not relieve a custodian from liability for breach of section 17.
History: 1998, Act 433 , Imd. Eff. Dec. 30, 1998
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