2005 Idaho Code - 68-1315 — REPORTING AND ACCOUNTING BY CUSTODIAL TRUSTEE -- DETERMINATION OF LIABILITY OF CUSTODIAL TRUSTEE

                                  TITLE  68
                            TRUSTS AND FIDUCIARIES
                                  CHAPTER 13
                      IDAHO UNIFORM CUSTODIAL TRUST ACT
    68-1315.  REPORTING AND ACCOUNTING BY CUSTODIAL TRUSTEE -- DETERMINATION
OF LIABILITY OF CUSTODIAL TRUSTEE. (1) Upon the acceptance of custodial trust
property, the custodial trustee shall provide a written statement describing
the custodial trust property and shall thereafter provide a written statement
of the administration of the custodial trust property (i) once each year, (ii)
upon request at reasonable times by the beneficiary or the beneficiary's legal
representative, (iii) upon resignation or removal of the custodial trustee,
and (iv) upon termination of the custodial trust.  The statements must be
provided to the beneficiary or to the beneficiary's legal representative, if
any.  Upon termination of the beneficiary's interest, the custodial trustee
shall furnish a current statement to the person to whom the custodial trustee
property is to be delivered.
    (2)  A beneficiary, the beneficiary's legal representative, an adult
member of the beneficiary's family, a person interested in the custodial trust
property, or a person interested in the welfare of the beneficiary may
petition the court for an accounting by the custodial trustee or the custodial
trustee's legal representative.
    (3)  A successor custodial trustee may petition the court for an
accounting by a predecessor custodial trustee.
    (4)  In an action or proceeding under this chapter or in any other
proceeding, the court may require or permit the custodial trustee or the
custodial trustee's legal representative to account.  The custodial trustee or
the custodial trustee's legal representative may petition the court for
approval of final accounts.
    (5)  If a custodial trustee is removed, the court shall require an
accounting and order delivery of the custodial trust property and records to
the successor custodial trustee and the execution of all instruments required
for transfer of the custodial trust property.
    (6)  On petition of the custodial trustee or any person who could petition
for an accounting, the court, after notice to interested persons, may issue
instructions to the custodial trustee or review the propriety of the acts of a
custodial trustee or the reasonableness of compensation determined by the
custodial trustee for the services of the custodial trustee or others.