Michigan § 554.538 Rights, powers, and authority over custodial property; limitation.

Michigan Statutes

§ 554.538 — Rights, powers, and authority over custodial property; limitation.

Michigan § 554.538

Ch. 554REAL AND PERSONAL PROPERTY

Act 433 of 1998MICHIGAN UNIFORM TRANSFERS TO MINORS ACT (554.521-554.552)

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Bluebook

Mich. Comp. Laws § 554.538 (2026).

Text

MICHIGAN UNIFORM TRANSFERS TO MINORS ACT (EXCERPT) Act 433 of 1998 554.538 Rights, powers, and authority over custodial property; limitation. Sec.

18.A custodian, acting in a custodial capacity, has the rights, powers, and authority over custodial property that an unmarried adult owner has over his or her own property, but a custodian may exercise those rights, powers, and authority in that capacity only. This section does not relieve a custodian from liability for breach of section 17.

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MICHIGAN UNIFORM TRANSFERS TO MINORS ACT (EXCERPT) Act 433 of 1998 554.538 Rights, powers, and authority over custodial property; limitation. Sec. 18. A custodian, acting in a custodial capacity, has the rights, powers, and authority over custodial property that an unmarried adult owner has over his or her own property, but a custodian may exercise those rights, powers, and authority in that capacity only. This section does not relieve a custodian from liability for breach of section 17.