Indiana Code 30-2-8.5-28. Powers of custodian
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Sec. 28. (a) A custodian acting in a custodial capacity has all the rights, powers, and authority over custodial property that an unmarried adult owner has over the adult owner’s own property, but a custodian may exercise those rights, powers, and authority in a custodial capacity only.
(b) This section does not relieve a custodian from liability for breach of the requirements of section 27 of this chapter.
As added by P.L.267-1989, SEC.2.
Terms Used In Indiana Code 30-2-8.5-28
- adult: means an individual who is at least twenty-one (21) years of age. See Indiana Code 30-2-8.5-1
- custodial property: means :
Indiana Code 30-2-8.5-4
- custodian: means a person designated as a custodian under section 24 of this chapter or a successor or substitute custodian designated under section 33 of this chapter. See Indiana Code 30-2-8.5-5
- Property: includes personal and real property. See Indiana Code 1-1-4-5