(a) A custodial trustee, acting in a fiduciary capacity, has all the rights and powers over custodial trust property that an unmarried adult owner has over individually owned property, but a custodial trustee may exercise those rights and powers in a fiduciary capacity only.
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Terms Used In Alaska Statutes 13.60.070

  • Fiduciary: A trustee, executor, or administrator.
  • property: includes real and personal property. See Alaska Statutes 01.10.060
  • Trustee: A person or institution holding and administering property in trust.
(b) This section does not relieve a custodial trustee from liability for a violation of Alaska Stat. § 13.60.060.
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