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54.964

54.964 General powers of custodial trustee.

54.964(1)

(1) 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.

54.964(2)

(2) This section does not relieve a custodial trustee from liability for a violation of s. 54.962.

54.964 - ANNOT.

History: 1991 a. 246; 2005 a. 387 s. 561; Stats. 2005 s. 54.964.