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This entry was published on 2014-09-22
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SECTION 7-6.14
Use of custodial property
Estates, Powers & Trusts (EPT) CHAPTER 17-B, ARTICLE 7, PART 6
§ 7-6.14 Use of custodial property

(a) A custodian may deliver or pay to the minor or expend for the
minor's benefit so much of the custodial property as the custodian
considers advisable for the use and benefit of the minor, without court
order and without regard to (1) the duty or ability of the custodian
personally or of any other person to support the minor, or (2) any other
income or property of the minor which may be applicable or available for
the support of the minor.

(b) On petition of an interested person or the minor if the minor has
attained the age of fourteen years, the court may order the custodian to
deliver or pay to the minor or expend for the minor's benefit so much of
the custodial property as the court considers advisable for the use and
benefit of the minor.

(c) A delivery, payment, or expenditure under this section is in
addition to, not in substitution for, and does not affect any obligation
of a person to support the minor.