Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 14. Trusts, Estates and Protective Proceedings |
Chapter 7. TRUST ADMINISTRATION |
Article 7. Arizona Uniform Transfers to Minors Act |
Sec 14-7663. Powers of custodian
Latest version.
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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 a breach of section 14-7662.