§554B-8 General powers of custodial trustee. (a) A custodial trustee, acting in a fiduciary capacity, has all the rights, powers, and authority over custodial trust property that an unmarried adult owner has over individually owned property, but a custodial trustee may exercise those rights, powers, and authority in a fiduciary capacity only.
(b) This section does not relieve a custodial trustee from liability for breach of section 554B-7. [L 1989, c 76, pt of §1]
Structure Hawaii Revised Statutes
Title 30. Guardians and Trustees
554B. Uniform Custodial Trust Act
554B-2 Custodial trust; general.
554B-3 Custodial trustee for future payment or transfer.
554B-4 Form and effect of receipt and acceptance by custodial trustee, jurisdiction.
554B-5 Transfer to custodial trustee by fiduciary or obligor, facility of payment.
554B-6 Multiple beneficiaries, separate custodial trusts, survivorship.
554B-7 General management duties of custodial trustee.
554B-8 General powers of custodial trustee.
554B-9 Use of custodial trust property.
554B-10 Determination of incapacity, proceeding and effect.
554B-11 Exemption of third person from liability.
554B-12 Liability to third persons.
554B-14 Expenses, compensation, and bond of custodial trustee.
554B-16 Limitations of action against custodial trustee.
554B-17 Termination and distribution.
554B-18 Implementation, methods, and forms for creating custodial trusts.