7-6.13 - Powers of Custodian

NY Est Pow & Trusts L § 7-6.13 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

(a) 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.

(b) This section does not relieve a custodian from liability for breach of 7-6.12.