North Carolina Statutes
§ 33B-8 — General powers of custodial trustee
North Carolina·Ch. 33B North Carolina Uniform Custodial Trust Act
(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 G.S. 33B-7. (1995, c. 486, s. 1.)
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Nearby Sections
15
§ 33B-1
Definitions§ 33B-11
Third-party transactions§ 33B-12
Liability to the third person§ 33B-15
Reporting and accounting by custodial trustee; determination of liability of custodial trustee§ 33B-17
Distribution on termination§ 33B-19
Applicable law§ 33B-2
Custodial trust; general§ 33B-21
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