(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 7-6.12.
Structure New York Laws
EPT - Estates, Powers and Trusts
Part 6 - Uniform Transfers to Minors Act
7-6.2 - Scope and Jurisdiction
7-6.3 - Nomination of Custodian
7-6.4 - Transfer by Gift or Exercise of Power of Appointment
7-6.5 - Transfer Authorized by Will or Trust
7-6.6 - Other Transfer by Fiduciary
7-6.8 - Receipt for Custodial Property
7-6.11 - Validity and Effect of Transfer
7-6.12 - Care of Custodial Property
7-6.14 - Use of Custodial Property
7-6.15 - Custodian's Expenses, Compensation, and Bond
7-6.16 - Exemption of Third Person From Liability
7-6.17 - Liability to Third Persons
7-6.19 - Accounting by and Determination of Liability of Custodian
7-6.20 - Termination of Custodianship
7-6.21 - Age Eighteen Election
7-6.22 - Effect on Existing Custodianships