General powers of custodial trustee.

1. A custodial trustee, acting in a fiduciary capacity, has all the rights and powers over 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. 2. This section does not relieve a custodial trustee from liability for a violation of section 633F.7 . 2021 Acts, ch 8, §8