Illinois Statutes
§ 14 — Powers of Custodian
Illinois·Topic RIGHTS AND REMEDIES·Ch. 760 TRUSTS AND FIDUCIARIES·Act 760 ILCS 20/ Illinois Uniform Transfers to Minors Act.
(a)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.
(b)This Section does not relieve a custodian from liability for breach of Section 13.
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Legislative History
(Source: P.A. 84-915.)