Company: North Carolina General Assembly

North Carolina Attorney General Opinion

§ 33B‑8.  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 G.S. 33B‑7. (1995, c. 486, s. 1.)

G.S. 33b-8		Page