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Md. Code Ann., Est. & Trusts § 13-313

Known as the Maryland Uniform Transfers to Minors Act

The act spans §§ 13-301 to 13-324 (25 sections).

(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 § 13-312 of this subtitle.

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