(a) Except as provided in (c) of this section, and unless previously barred by adjudication, consent, or limitation, a claim for relief against a custodial trustee for accounting or breach of duty is barred as to a beneficiary, a person to whom custodial trust property is to be paid or delivered, or the legal representative of an incapacitated or deceased beneficiary or payee, if the person, beneficiary, or legal representative

1. (1) has received a final account or statement fully disclosing the matter, unless an action or proceeding to assert the claim is commenced within two years after receipt of the final account or statement; or
2. (2) has not received a final account or statement fully disclosing the matter unless an action or proceeding to assert the claim is commenced within three years after the termination of the custodial trust.

(c) A claim for relief is not barred by this section

1. (1) if the claimant is a minor, until the earlier of two years after the claimant becomes an adult or dies;

2. (2) if the claimant is an incapacitated adult, until the earliest of two years after

   1. (A) the appointment of a conservator;
   2. (B) the removal of the incapacity; or
   3. (C) the death of the claimant; or
3. (3) until two years after the claimant's death, if the claimant was an adult, who is now deceased and who was not incapacitated.