(a) A custodial trustee, acting in a fiduciary capacity, has all the rights and powers over custodial trust property that an unmarried 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 AS 13.60.060.
Structure Alaska Statutes
Title 13. Decedents' Estates, Guardianships, Transfers, Trusts, and Health Care Decisions
Chapter 60. Uniform Custodial Trust Act
Sec. 13.60.010. Custodial trust.
Sec. 13.60.020. Custodial trustee for future payment or transfer.
Sec. 13.60.030. Form and effect of receipt and acceptance by custodial trustee; jurisdiction.
Sec. 13.60.050. Multiple beneficiaries; separate custodial trusts; survivorship.
Sec. 13.60.060. General duties of custodial trustee.
Sec. 13.60.070. General powers of custodial trustee.
Sec. 13.60.080. Use of custodial trust property.
Sec. 13.60.090. Determination of incapacity; effect.
Sec. 13.60.100. Exemption of third person from liability.
Sec. 13.60.110. Liability to third person.
Sec. 13.60.130. Expenses, compensation, and bond of custodial trustee.
Sec. 13.60.150. Limitations of action against custodial trustee.
Sec. 13.60.160. Distribution and termination.
Sec. 13.60.170. Methods and forms for creating custodial trusts.
Sec. 13.60.180. Applicable law.