68-1308. GENERAL POWERS OF CUSTODIAL TRUSTEE. (1) A custodial trustee, acting in a fiduciary capacity, has all the rights and powers over custodial trust property which an unmarried adult owner has over individually owned property, but a custodial trustee may exercise those rights and powers in a fiduciary capacity only.
(2) The provisions of this section do not relieve a custodial trustee from liability for a violation of section 68-1307, Idaho Code.
History:
[68-1308, added 1989, ch. 230, sec. 1, p. 552.]
Structure Idaho Code
Title 68 - TRUSTS AND FIDUCIARIES
Chapter 13 - IDAHO UNIFORM CUSTODIAL TRUST ACT
Section 68-1301 - DEFINITIONS.
Section 68-1302 - CUSTODIAL TRUST — GENERAL.
Section 68-1303 - CUSTODIAL TRUSTEE FOR FUTURE PAYMENT OR TRANSFER.
Section 68-1304 - FORM AND EFFECT OF RECEIPT AND ACCEPTANCE BY CUSTODIAL TRUSTEE — JURISDICTION.
Section 68-1305 - TRANSFER TO CUSTODIAL TRUSTEE BY FIDUCIARY OR OBLIGOR — FACILITY OF PAYMENT.
Section 68-1306 - MULTIPLE BENEFICIARIES — SEPARATE CUSTODIAL TRUSTS — SURVIVORSHIP.
Section 68-1307 - GENERAL DUTIES OF CUSTODIAL TRUSTEE.
Section 68-1308 - GENERAL POWERS OF CUSTODIAL TRUSTEE.
Section 68-1309 - USE OF CUSTODIAL TRUST PROPERTY.
Section 68-1310 - DETERMINATION OF INCAPACITY — EFFECT.
Section 68-1311 - EXEMPTION OF THIRD PERSON FROM LIABILITY.
Section 68-1312 - LIABILITY TO THIRD PERSON.
Section 68-1314 - EXPENSES, COMPENSATION AND BOND OF CUSTODIAL TRUSTEE.
Section 68-1316 - LIMITATIONS OF ACTION AGAINST CUSTODIAL TRUSTEE.
Section 68-1317 - DISTRIBUTION ON TERMINATION.
Section 68-1318 - METHODS AND FORMS FOR CREATING CUSTODIAL TRUSTS.
Section 68-1319 - APPLICABLE LAW.
Section 68-1320 - UNIFORMITY OF APPLICATION AND CONSTRUCTION.