1999 Minnesota Statutes

     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. 

    HIST: 1990 c 476 s 7