2012 North Carolina General Statutes
Chapter 33B - North Carolina Uniform Custodial Trust Act.
Section 33B-8 - General powers of custodial trustee.
33B-8. General powers of custodial trustee.
(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. (1995, c. 486, s. 1.)
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