Official Code of Georgia Annotated

Title 44. PROPERTY · Chapter 5. ACQUISITION AND LOSS OF PROPERTY · Article 5. THE GEORGIA TRANSFERS TO MINORS ACT

44-5-123. Custodian’s rights, powers, and authority over custodial property; liability for breach of Code Section 44-5-122.

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Current through: Including Acts of the 2025 Regular Session of the General Assembly.

(a)
A custodian, acting in a custodial capacity, has all the rights, powers, and authority over custodial property that adult owners have over their own property, but a custodian may exercise those rights, powers, and authority in that capacity only.#
(b)
This Code section does not relieve a custodian from liability for breach of Code Section 44-5-122.#

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

Code 1981, § 44-5-123, enacted by Ga. L. 1990, p. 667, § 1.

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Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t44-ch1-7-(v31)-2010-pdf.pdf, Volume V31, 2010 edition, page 490; merge action: carried; file SHA-256 490191d3dc54.