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N.Y. Est. Powers & Trusts Law § 7-6.19

Accounting by and determination of liability of custodian

2014-09-22

§ 7-6.19 Accounting by and determination of liability of custodian\n (a) A minor who has attained the age of fourteen years, the minor's\nguardian or legal representative, an adult member of the minor's family,\na transferor, or a transferor's legal representative may petition the\ncourt (1) for an accounting by the custodian or the custodian's legal\nrepresentative; or (2) for a determination of responsibility, as between\nthe custodial property and the custodian personally, for claims against\nthe custodial property unless the responsibility has been adjudicated in\nan action under 7-6.17 to which the minor or the minor's legal\nrepresentative was a party.\n (b) A successor custodian may petition the court for an accounting by\nthe predecessor custodian.\n (c) The court, in a proceeding under this part or in any other\nproceeding, may require or permit the custodian or the custodian's legal\nrepresentative to account.\n (d) If a custodian is removed under paragraph (f) of 7-6.18, the court\nshall require an accounting and order delivery of the custodial property\nand records to the successor custodian and the execution of all\ninstruments required for transfer of the custodial property.\n

Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.