(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 including, to the extent applicable and consistent with sections 45a-557 to 45a-560b, inclusive, powers pursuant to section 45a-234, but a custodian may exercise those rights, powers and authority in that custodian's fiduciary capacity only.
(b) This section does not relieve a custodian from liability for breach of the provisions of section 45a-558i.
(P.A. 95-117, S. 14.)
Structure Connecticut General Statutes
Title 45a - Probate Courts and Procedure
Chapter 802d - Connecticut Uniform Transfers to Minors Act
Section 45a-557. - Short title: Connecticut Uniform Transfers to Minors Act.
Section 45a-557a. - Definitions.
Section 45a-557b. - Scope and jurisdiction.
Section 45a-558. - Nomination of custodian.
Section 45a-558a. - Transfer by gift or exercise of power.
Section 45a-558b. - Transfer authorized by will or trust.
Section 45a-558c. - Other transfer by fiduciary.
Section 45a-558d. - Transfer by obligor.
Section 45a-558e. - Receipt for custodial property.
Section 45a-558g. - Single guardianship.
Section 45a-558h. - Validity and effect of transfer.
Section 45a-558i. - Care and control of custodial property.
Section 45a-558j. - Powers of custodian.
Section 45a-558k. - Use of custodial property. Distribution to a trust.
Section 45a-559. - Custodian's expenses, compensation and bond.
Section 45a-559a. - Exemption of third party from liability.
Section 45a-559b. - Liability to third persons.
Section 45a-559d. - Accounting by and determination of liability of custodian.
Section 45a-559e. - Termination of custodianship.
Section 45a-560. - Applicability.
Section 45a-560a. - Effect on existing custodianships.
Section 45a-560b. - Uniformity of application and construction.