§ 554.538

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. History: 1998, Act 433, Imd. Eff. Dec. 30, 1998