(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 section 21-312.
(Mar. 12, 1986, D.C. Law 6-87, § 2(a), 33 DCR 278.)
1981 Ed., § 21-313.
Uniform Law: This section is based upon § 13 of the Uniform Transfers to Minors Act.
Structure District of Columbia Code
Title 21 - Fiduciary Relations and Persons with Mental Illness. [Enacted title]
Chapter 3 - Transfers to Minors; Uniform Law
§ 21–302. Scope and jurisdiction
§ 21–303. Nomination of custodian
§ 21–304. Transfer by gift or exercise of power of appointment
§ 21–305. Transfer authorized by will or trust
§ 21–306. Other transfers by fiduciary
§ 21–308. Receipt for custodial property
§ 21–310. Single custodianship
§ 21–311. Validity and effect of transfer
§ 21–312. Care of custodial property
§ 21–314. Use of custodial property
§ 21–315. Custodian’s expenses; compensation; bond
§ 21–316. Exemption of third person from liability
§ 21–317. Liability to third persons
§ 21–319. Accounting by and determination of liability of custodian
§ 21–320. Termination of custodianship
§ 21–322. Effect of existing custodianships