[§554B-8]  General powers of custodial
trustee.  (a)  A custodial trustee, acting in a fiduciary capacity, has all
the rights, powers, and authority over custodial trust property that an
unmarried adult owner has over individually owned property, but a custodial
trustee may exercise those rights, powers, and authority in a fiduciary
capacity only.



(b)  This section does not relieve a custodial
trustee from liability for breach of section 554B-7. [L 1989, c 76, pt of §1]