POWERS OF CUSTODIAN
Known as the Texas Uniform Transfers to Minors Act
The act spans §§ 141–141 (25 sections).
Applied in 1 court decision — leading case Benchmark Bank v. Crumley (In Re Crumley) (2010)
Most recently applied in Benchmark Bank v. Crumley (In Re Crumley) (April 2010)
Amended by Acts 1995, 74th Leg., ch. 1043, Sec. 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 Section 141.013.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.