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, which shall include but not be limited to those powers set forth in § 64.2-105 as of the date the custodian acts, but a custodian may exercise such rights, powers, and authority in that capacity only. However, this section does not relieve a custodian from liability for breach of a duty imposed under § 64.2-1911.
1988, c. 516, § 31-49; 2012, c. 614.
Structure Code of Virginia
Title 64.2 - Wills, Trusts, and Fiduciaries
Chapter 19 - Virginia Uniform Transfers to Minors Act
§ 64.2-1901. Scope and jurisdiction
§ 64.2-1902. Nomination of custodian
§ 64.2-1903. Transfer by gift or exercise of power of appointment
§ 64.2-1904. Transfer authorized by will or trust
§ 64.2-1905. Other transfer by fiduciary
§ 64.2-1906. Transfer by obligor
§ 64.2-1907. Receipt for custodial property
§ 64.2-1909. Single and joint custodians
§ 64.2-1910. Validity and effect of transfer
§ 64.2-1911. Care of custodial property; duties of custodian
§ 64.2-1912. Powers of custodian
§ 64.2-1913. Use of custodial property
§ 64.2-1914. Custodian's expenses, compensation, and bond
§ 64.2-1915. Exemption of third person from liability
§ 64.2-1916. Liability to third persons
§ 64.2-1918. Accounting by and determination of liability of custodian
§ 64.2-1919. Termination of custodianship