N.Y. Estates, Powers and Trusts Law 7-6.13 – Powers of custodian
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§ 7-6.13 Powers of custodian
(a) A custodian, acting in a custodial capacity, has all the rights, powers, and authority over custodial property that unmarried adult owners have over their own property, but a custodian may exercise those rights, powers, and authority in that capacity only.
(b) This section does not relieve a custodian from liability for breach of 7-6.12.