Section 5. Acquisition and Loss of Property, 44-5-1 through 44-5-230.
ARTICLE 5
THE GEORGIA TRANSFERS TO MINORS ACT
44-5-123. Custodian's rights, powers, and authority over custodial property; liability for breach of Code Section 44-5-122.
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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.
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This Code section does not relieve a custodian from liability for breach of Code Section 44-5-122.
(Code 1981, §44-5-123, enacted by Ga. L. 1990, p. 667, § 1.)
RESEARCH REFERENCES
U.L.A.
- Uniform Transfers to Minors Act (U.L.A.)
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13.
