There Is a Newer Version
of
the New Mexico Statutes
2011 New Mexico Statutes
Chapter 46: Fiduciaries and Trusts
Article 7: Transfers to Minors, 46-7-1 through 46-7-34
Section 46-7-24: Powers of custodian.
Universal Citation:
NM Stat § 46-7-24 (1996 through 1st Sess 50th Legis)
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
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46-7-24. Powers of custodian.
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 breach of Section 13 [46-7-23 NMSA 1978] of the Uniform Transfers to Minors Act.
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