                                 CODE OF VIRGINIA

GENERAL POWERS OF CUSTODIAL TRUSTEE (§ 64.2-907)

A. A custodial trustee, acting in a fiduciary capacity, has all the rights and
powers over custodial trust property that an unmarried adult owner has over
individually owned property, which shall include but not be limited to those
powers set forth in &#xA7; 64.2-105 as of the date the custodian acts, 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 &#xA7; 64.2-906.

HISTORY: 1990, c. 264, § 55-34.8; 2012, c. 614.