§ 11-50-120 — Accounting by and determination of liability of custodian

Colorado § 11-50-120

• Jurisdiction: Colorado
• Title 11: Financial
• Art.: Colorado Uniform Transfers to Minors Act

Text

(1) A
minor who has attained the age of fourteen years, the minor's guardian or legal
representative, an adult member of the minor's family, a transferor, or a transferor's
legal representative may petition the court:

(a) For an accounting by the custodian or the custodian's legal
representative; or

(b) For a determination of responsibility, as between the custodial property
and the custodian personally, for claims against the custodial property unless the
responsibility has been adjudicated in an action under section 11-50-118 to which
the minor or the minor's legal representative was a party.

(2) A successor custodian may petition the court for an accounting by the
predecessor custodian.

(3) The court, in a proceeding under this article or in any other proceeding,
may require or permit the custodian or the custodian's legal representative to
account.

(4) If a custodian is removed under section 11-50-119 (6), the court shall
require an accounting and order delivery of the custodial property and records to
the successor custodian and the execution of all instruments required for transfer
of the custodial property.

Legislative History

Source: L. 84: Entire article R&RE, p. 392, � 1, effective July 1.