District of Columbia Statutes

§ 19-1108 — General powers of custodial trustee.

District of Columbia·Title 19 Descent, Distribution, and Trusts. [Enacted title]·Ch. 11 Custodial Trusts; Uniform Law.
(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.
(b)This section does not relieve a custodial trustee from liability for a violation of section 19-1107.

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Legislative History

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

Nearby Sections

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