§ 19-1108

D.C. Code § 19-1108

General powers of custodial trustee.

Effective Jul 23, 2002July 23, 2002, D.C. Law 14-177, § 2(b), 49 DCR 5092
  1. (a) A custodial trustee, acting in a fiduciary capacity, has all the rights and powers over custodial trust property which an unmarried adult owner has over individually owned property, but a custodial trustee may exercise those rights and powers in a fiduciary capacity only.
  2. (b) This section does not relieve a custodial trustee from liability for a violation of section 19-1107.

History

July 23, 2002, D.C. Law 14-177, § 2(b), 49 DCR 5092

Section References

This section is referenced in § 19-1106.

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