Arizona Laws 14-7663. Powers of custodian
Current as of: 2024 | Check for updates
|
Other versions
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.
Terms Used In Arizona Laws 14-7663
- Adult: means a person who is at least twenty-one years of age. See Arizona Laws 14-7651
- Custodial property: means an interest in property that is transferred to a custodian pursuant to this article and income from and proceeds of that interest in property. See Arizona Laws 14-7651
- Custodian: means a person designated pursuant to section 14-7659 or a successor or substitute custodian designated pursuant to section 14-7668. See Arizona Laws 14-7651
- Property: includes both real and personal property. See Arizona Laws 1-215
B. This section does not relieve a custodian from liability for a breach of section 14-7662.