By North Carolina Judicial Branch
Belk v Belk
Action for accounting and removal of custodian under N.C.'s Uniform Transfers to Minor's Act (UTMA); award of interest on wrongfully disbursed funds as an item of damages; statutory authority for award of attorney's fees in action for accounting and removal of custodian under UTMA; authority for taking attorney's fees against custodian personally; reasonableness of attorney's fees award; prudent person fiduciary standard applicable
to custodians when making investments using UTMA custodial funds; duty of UTMA custodian to keep records of all transactions with respect to custodian property.
Files
Summary
Action for accounting and removal of custodian under N.C.'s Uniform Transfers to Minor's Act (UTMA); award of interest on wrongfully disbursed funds as an item of damages; statutory authority for award of attorney's fees in action for accounting and removal of custodian under UTMA; authority for taking attorney's fees against custodian personally; reasonableness of attorney's fees award; prudent person fiduciary standard applicable
to custodians when making investments using UTMA custodial funds; duty of UTMA custodian to keep records of all transactions with respect to custodian property.