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Ind. Code § 30-2-8.6-28

Rights and powers

Known as the Indiana Uniform Custodial Trust Act

The act spans §§ 30-2-8.6-1 to 30-2-8.6-9 (39 sections).

As added by P.L.3-2003, SEC.1.

Sec. 28. (a) 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.

(b) This section does not relieve a custodial trustee from liability for a violation of section 27 of this chapter.

Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.