(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) This section does not relieve a custodial trustee from liability for a violation of section 15-1.5-107 .
C.R.S. § 15-1.5-108
General powers of custodial trustee
Known as the Colorado Uniform Custodial Trust Act
The act spans §§ 15-1.5-101 to 15-1.5-122 (22 sections).
Digitized from: Public.Law — Colorado Revised Statutes. Reproduced from public-domain Colorado statutes; confirm against the official source for the current text. Not legal advice.