Michigan Compiled Laws

Mich. Comp. Laws § 554.538 (2026)

Rights, powers, and authority over custodial property; limitation.

✓ current as of July 2026

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MICHIGAN UNIFORM TRANSFERS TO MINORS ACT

Act 433 of 1998

554.538 Rights, powers, and authority over custodial property; limitation.

Sec. 18.

A custodian, acting in a custodial capacity, has the rights, powers, and authority over custodial property that an unmarried adult owner has over his or her own property, but a custodian may exercise those rights, powers, and authority in that capacity only. This section does not relieve a custodian from liability for breach of section 17.

History: 1998, Act 433, Imd. Eff. Dec. 30, 1998

Notes of Decisions

Cited in 1 case, 2008–2008 · leading case: People v. Couzens, 747 N.W.2d 849 (Mich. 2008).

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People v. Couzens, 747 N.W.2d 849 (Mich. 2008). · cites it 3× “Defendant also asserts that he was permitted[,] pursuant to his broad authority granted under MCL 554.538 of the UTMA, to fund the UTMA account with demand notes that he was able to then permissibly retransfer to his own account.”

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