Custodian Has Rights and Powers That Unmarried Adult Would Have as to Property.
Known as the Alabama Uniform Transfers to Minors Act
The act spans §§ 35–35 (24 sections).
(Acts 1986, No. 86-453, p. 819, §13.)
(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 Section 35-5A-13.
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.