Printable Format38-1714. Powers of custodian. (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 K.S.A. 38-1713.
History: L. 1985, ch. 143, ยง 13; July 1.
Law Review and Bar Journal References:
"New Title Standards Questions Answered," Standards for Title Examination Committee, 78 J.K.B.A. No. 10, 22 (2009).
CASE ANNOTATIONS
1. Mentioned in overview of UTMA and a finding of an improper conversion of UTMA funds. Wilson v. Wilson, 37 Kan. App. 2d 564, 154 P.3d 1136 (2007).