Ark. Code § 28-72-408

Current with legislation from 2024 effective through May 3, 2024.
Section 28-72-408 - General powers of custodial trustee
(a) A custodial trustee, acting in fiduciary capacity, has all the rights and powers of custodial trust property which an unmarried adult owner has over individually owned property, 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 § 28-72-407.

Ark. Code § 28-72-408

Acts 1991, No. 273, § 8.