Tennessee § 35-7-114 - Powers of custodian.
Full text of Tennessee Tennessee Code Annotated § 35-7-114 — Powers of custodian., with citation guidance and answers to common questions.
§ 35-7-114. Powers of custodian.
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. This section does not relieve a custodian from liability for breach of duties of care under § 35-7-113. The custodian is authorized to invest some or all of the custodial property in the Internal Revenue Code Section 529 plan, if the custodian determines the investment to be in the best interest of the minor. Acts 1992, ch. 664, § 1; 2005, ch. 99, § 7; T.C.A. § 35-7-214 . Compiler's Notes. Former part 1, §§ 35-7-101 — 35-7-110 (Acts 1957, ch. 112, §§ 1-10; 1961, ch. 232, § 1; 1963, ch. 65, §§ 1-9; 1968, ch. 600, §§ 1-10; 1972, ch. 612, § 6; 1973, ch. 190, § 1; 1975, ch. 294, § 1; 1976, ch. 393, § 1; 1983, ch. 336, § 1; T.C.A., §§ 35-801 — 35-810), concerning the Uniform Gifts to Minors Act, was repealed by Acts 1992, ch. 664, § 1 effective October 1, 1992. See present § 35-7-125 . For present law see this chapter. The full citation for Internal Revenue Code Section 529, referred to in this section, is 26 U.S.C. § 529 .
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 35-7-114
What does Tennessee Code Annotated § 35-7-114 cover?
Section 35-7-114 ("Powers of custodian.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Tennessee § 35-7-114?
A common citation format is "Tennessee Code Annotated § 35-7-114" (Tennessee). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 35-7-114 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Tennessee.