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Me. Rev. Stat. tit. 33, § 1664

Powers of custodian

Known as the Maine Uniform Transfers to Minors Act

The act spans §§ 1651 to 1674 (24 sections).

PL 1987, c. 734, §2 (NEW).

1. Custodial capacity. 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.

2. Liability. This section does not relieve a custodian from liability for breach of section 1663.

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