Section 8. (a) A custodial trustee, acting in a fiduciary capacity, shall have all the rights and powers over custodial trust property which an unmarried adult owner has over individually owned property, but a custodial trustee may exercise such rights and powers in a fiduciary capacity only.

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Terms Used In Massachusetts General Laws ch. 203B sec. 8

  • Fiduciary: A trustee, executor, or administrator.
  • Trustee: A person or institution holding and administering property in trust.

(b) This section shall not relieve a custodial trustee from liability for a violation of section seven.

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