Minnesota Legislature
Office of the Revisor of Statutes
2006 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
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
(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
Official Publication of the State of Minnesota
Revisor of Statutes