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North Carolina General Statutes Chapter 33B. North Carolina Uniform Custodial Trust Act § 33B-8. General powers of custodial trustee

Current as of January 01, 2023 | Updated by FindLaw Staff

(a) A custodial trustee, acting in a fiduciary capacity, has 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 those rights and powers in a fiduciary capacity only.

(b) This section does not relieve a custodial trustee from liability for a violation of G.S. 33B-7.

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Cite this article: FindLaw.com - North Carolina General Statutes Chapter 33B. North Carolina Uniform Custodial Trust Act § 33B-8. General powers of custodial trustee - last updated January 01, 2023 | https://codes.findlaw.com/nc/chapter-33b-north-carolina-uniform-custodial-trust-act/nc-gen-st-sect-33b-8.html

Read this complete North Carolina General Statutes Chapter 33B. North Carolina Uniform Custodial Trust Act § 33B-8. General powers of custodial trustee on Westlaw. Westlaw subscription required.

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