(a) General rule.--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) Liability for breach of standard of care.--This section does not relieve a custodian from liability for breach of section 5312 (relating to care of custodial property).
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Title 20 - DECEDENTS, ESTATES AND FIDUCIARIES
Chapter 53 - Pennsylvania Uniform Transfers to Minors Act
Section 5301 - Short title of chapter and definitions
Section 5302 - Scope and jurisdiction
Section 5303 - Nomination of custodian
Section 5304 - Transfer by gift or exercise of power of appointment
Section 5305 - Transfer authorized by will or trust
Section 5306 - Other transfer by fiduciary
Section 5307 - Transfer by obligor
Section 5308 - Receipt for custodial property
Section 5309 - Manner of creating custodial property and effecting transfer
Section 5310 - Single custodianship
Section 5311 - Validity and effect of transfer
Section 5312 - Care of custodial property
Section 5313 - Powers of custodian
Section 5314 - Use of custodial property
Section 5315 - Expenses, compensation and bond of custodian
Section 5316 - Exemption of third person from liability
Section 5317 - Liability to third persons
Section 5318 - Renunciation, resignation, death or removal of custodian
Section 5319 - Accounting by and determination of liability of custodian.
Section 5320 - Termination of custodianship
Section 5321 - Delay in transfer of custodial property after minor attains age 21