91-20-27 - Custodian's exercise of powers and authority over custodial property. - Mississippi Statutes

§ 91-20-27. Custodian's exercise of powers and authority over custodial property.
 

(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. 

(2)  This section does not relieve a custodian from liability for breach of Section 91-20-25. 
 

Sources: Laws,  1994, ch. 416, § 14, eff from and after January 1, 1995.