Colorado Statutes
§ 11-50-114 — Powers of custodian
(1)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.
(1.5) At any time, a custodian may transfer part or all of a custodial property
to a qualified minor's trust without a court order. Such a transfer terminates the
custodianship to the extent of the transfer.
(2)This section does not relieve a custodian from liability for breach of
section 11-50-113.
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Legislative History
Source: L. 84: Entire article R&RE, p. 389, � 1, effective July 1. L. 2007: (1.5)
added, p. 126, � 3, effective July 1.
Nearby Sections
15
§ 11-10.5-101
Short title§ 11-10.5-102
Legislative declaration§ 11-10.5-103
Definitions§ 11-10.5-104
Applicability of article§ 11-10.5-105
Authority of banking board§ 11-10.5-107
Eligible collateral - uninsured public deposits§ 11-10.5-109
Verification of collateral held - reports required§ 11-10.5-110
Procedures when event of default occurs§ 11-10.5-112
Annual fees and assessments§ 11-101-101
Short title§ 11-101-102
Declaration of policy§ 11-101-201
Effect on existing banks§ 11-101-301
Application of code§ 11-101-302
No private right of action