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La. R.S. 9:763

Powers of custodian

Known as the Louisiana Uniform Transfers to Minors Act

The act spans §§ 9–9 (40 sections).

Acts 1987, No. 469, §1, eff

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 the provisions of R.S. 9:762.

Official source: Louisiana State Legislature. Reproduced from public-domain Louisiana statutes; confirm against the official source for the current text. Not legal advice.