As Amended
SEC. 91-20-27. Custodian's exercise of powers and authority over custodial property.
(1) 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.
(2) This section does not relieve a custodian from liability for breach of Sec. 91-20-25.
SOURCES: Laws, 1994, ch. 416, Sec. 14, eff from and after January 1, 1995