Nebraska Statutes 43-2720. Accounting by and determination of liability of custodian
(1) A minor who has attained the age of fourteen years, the minor’s guardian of the person or legal representative, an adult member of the minor’s family, a transferor, or a transferor’s legal representative may petition the court (a) for an accounting by the custodian or the custodian’s legal representative or (b) for a determination of responsibility, as 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 43-2718 to which the minor or the minor’s legal representative was a party.
Terms Used In Nebraska Statutes 43-2720
- Action: shall include any proceeding in any court of this state. See Nebraska Statutes 49-801
- Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
- Person: shall include bodies politic and corporate, societies, communities, the public generally, individuals, partnerships, limited liability companies, joint-stock companies, and associations. See Nebraska Statutes 49-801
(2) A successor custodian may petition the court for an accounting by the predecessor custodian.
(3) The court, in a proceeding under the Nebraska Uniform Transfers to Minors Act or in any other proceeding, may require or permit the custodian or the custodian’s legal representative to account.
(4) If a custodian is removed under subsection (6) of section 43-2719, 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.
Source
- Laws 1992, LB 907, § 20.