§763.  Powers of custodian

A.  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.  

B.  This Section does not relieve a custodian from liability for breach of the provisions of R.S. 9:762.  

Acts 1987, No. 469, §1, eff. Jan. 1, l988.