§1665. Use of custodial property
1. Standard for expenditure of property. A custodian may deliver or pay to the minor or expend for the minor's benefit as much of the custodial property as the custodian considers advisable for the use and benefit of the minor, without court order and without regard to the duty or ability of the custodian personally or of any other person to support the minor; or any other income or property of the minor which may be applicable or available for the purpose.
[PL 1987, c. 734, §2 (NEW).]
2. Court may order expenditure. On petition of an interested person or the minor, if the minor has attained 14 years of age, the court may order the custodian to deliver or pay to the minor or expend for the minor's benefit as much of the custodial property as the court considers advisable for the use and benefit of the minor.
[PL 1987, c. 734, §2 (NEW).]
3. Support of minor. A delivery, payment or expenditure under this section is in addition to, not in substitution for, and does not affect any obligation of a person to support the minor.
[PL 1987, c. 734, §2 (NEW).]
SECTION HISTORY
PL 1987, c. 734, §2 (NEW).
Structure Maine Revised Statutes
Chapter 32: MAINE UNIFORM TRANSFERS TO MINORS ACT
33 §1653. Scope and jurisdiction
33 §1654. Nomination of custodian
33 §1655. Transfer by gift or exercise of power of appointment
33 §1656. Transfer authorized by will or trust
33 §1657. Other transfer by fiduciary
33 §1659. Receipt for custodial property
33 §1661. Single custodianship
33 §1662. Validity and effect of transfer
33 §1663. Care of custodial property
33 §1665. Use of custodial property
33 §1666. Custodian's expenses, compensation and bond
33 §1667. Exemption of 3rd person from liability
33 §1668. Liability to 3rd person
33 §1670. Accounting by and determination of liability of custodian
33 §1671. Termination of custodianship