565B.13  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.
  2.  This section does not relieve a custodian from liability for breach of section 565B.12.
86 Acts, ch 1035, §13