Indiana Code 30-2-8.5-34. Accounting by and determination of liability of custodian
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Sec. 34. (a) A minor who is at least fourteen (14) years of age, the minor’s guardian or legal representative, an adult member of the minor’s family, a transferor, or a transferor’s legal representative may petition the court for:
(2) a determination of responsibility between the custodial property and the custodian personally, for claims against the custodial property unless the responsibility has been adjudicated in an action under section 32 of this chapter to which the minor or the minor’s legal representative was a party.
(1) an accounting by the custodian or the custodian’s legal representative; or
Terms Used In Indiana Code 30-2-8.5-34
- 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
- legal representative: means an individual's personal representative or guardian. See Indiana Code 30-2-8.5-8
- minor: means an individual who is less than twenty-one (21) years of age. See Indiana Code 30-2-8.5-10
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- transfer: means a transaction that creates custodial property under section 24 of this chapter. See Indiana Code 30-2-8.5-14
- transferor: means a person who makes a transfer under this chapter. See Indiana Code 30-2-8.5-15
(b) A successor custodian may petition the court for an accounting by the predecessor custodian.
(c) The court, in a proceeding under this chapter or in any other proceeding, may require or permit the custodian or the custodian’s legal representative to give an accounting.
(d) If a custodian is removed under section 33(f) of this chapter, the court shall require an accounting and order delivery of the custodial property and records to the successor custodian and the execution of all instruments required for transfer of the custodial property.
As added by P.L.267-1989, SEC.2.