C.R.S. Section 11-50-114
Powers of custodian


(1)

A custodian, acting in a custodial capacity, has all the rights, powers, and authority over custodial property that unmarried adult owners have over their own property, but a custodian may exercise those rights, powers, and authority in that capacity only.

(1.5)

At any time, a custodian may transfer part or all of a custodial property to a qualified minor’s trust without a court order. Such a transfer terminates the custodianship to the extent of the transfer.

(2)

This section does not relieve a custodian from liability for breach of section 11-50-113.

Source: Section 11-50-114 — Powers of custodian, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-11.­pdf (accessed Oct. 20, 2023).

Green check means up to date. Up to date

Current through Fall 2024

§ 11-50-114’s source at colorado​.gov