Louisiana Code § RS 9:763

Powers of custodian
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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.

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