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2019 Minnesota Statutes
Chapters 524 - 532 — Probate; Property; Estates; Guardianships; Anatomical Gifts
Chapter 529 — Uniform Custodial Trust Act
Section 529.07 — General Powers Of Custodial Trustee.
Universal Citation: MN Stat § 529.07 (2019)
529.07 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 section 529.06.
History: 1990 c 476 s 7
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