Colo. Rev. Stat. § 11-50-114

Current through Acts effective through 6/7/2024 of the 2024 Legislative Session
Section 11-50-114 - Powers of custodian
(1) A custodian, acting in a custodial capacity, has all the rights, powers, and authority over custodial property that unmarried adult owners have over their own property, but a custodian may exercise those rights, powers, and authority in that capacity only.
(1.5) At any time, a custodian may transfer part or all of a custodial property to a qualified minor's trust without a court order. Such a transfer terminates the custodianship to the extent of the transfer.
(2) This section does not relieve a custodian from liability for breach of section 11-50-113.

C.R.S. § 11-50-114

L. 84: Entire article R&RE, p. 389, § 1, effective July 1. L. 2007: (1.5) added, p. 126, § 3, effective July 1.

This section is similar to former § 11-50-105 as it existed prior to 1984.