Vermont Statutes Title 14 Sec. 3229
Terms Used In Vermont Statutes Title 14 Sec. 3229
- Adult: means an individual who has attained 21 years of age. See
- Court: means the Probate Division of the Superior Court. See
- Custodial property: means :
- Custodian: means a person so designated under section 3219 of this title or a successor or substitute custodian designated under section 3228 of this title. See
- Financial guardian: means a person who has been appointed by the Probate Division as financial guardian for a minor pursuant to section 2659 of this title, or a person legally authorized to perform substantially the same functions. See
- Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
- Legal representative: means an individual's personal representative. See
- Minor: means an individual who has not attained 21 years of age. See
- Transfer: means a transaction that creates custodial property under section 3219 of this title. See
- Transferor: means a person who makes a transfer under this chapter. See
§ 3229. Accounting by and determination of liability of custodian
(a) A minor who has attained 14 years of age, the minor’s financial guardian or legal representative, a guardian of the minor appointed pursuant to section 2628 or 2664 of this title, an adult member of the minor’s family, a transferor, or a transferor’s legal representative may petition the court:
(1) for an accounting by the custodian or the custodian’s legal representative; or
(2) for a determination of responsibility, as between the custodial property and the custodian personally, for claims against the custodial property unless the responsibility has been adjudicated in an action under section 3227 of this title to which the minor, the minor’s legal representative, or the minor’s financial guardian was a party.
(b) A successor custodian may petition the court for an accounting by the predecessor custodian.
(c) The court, in a proceeding under this chapter or in any other proceeding, may require or permit the custodian or the custodian’s legal representative to account.
(d) If a custodian is removed under subsection 3228(f) of this title, the court shall require an accounting and order delivery of the custodial property and records to the successor custodian and the execution of all instruments required for transfer of the custodial property. (Added 2015, No. 7, § 1.)