O.C.G.A.
O.C.G.A.

O.C.G.A. § 44-5-123 (2019)

Custodian’s rights, powers, and authority over custodial property; liability for breach of Code Section 44-5-122

✓ O.C.G.A. — 2019 edition (Public.Resource.Org Release 73)
Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.
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(a) A custodian, acting in a custodial capacity, has all the rights, powers, and authority over custodial property that adult owners have over their own property, but a custodian may exercise those rights, powers, and authority in that capacity only. (b) This Code section does not relieve a custodian from liability for breach of Code Section 44-5-122.

History

(Code 1981, § 44-5-123, enacted by Ga. L. 1990, p. 667, § 1.)

Annotations

RESEARCH REFERENCES U.L.A. - Uniform Transfers to Minors Act (U.L.A.) § 13.