(a) A custodial trustee, acting in fiduciary capacity, has all the rights and powers of 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 § 28-72-407.Acts 1991, No. 273, § 8.
Arkansas Legal Code