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LSDefine

Simple English definitions for legal terms

custodian

Read a random definition: revaluation surplus

A quick definition of custodian:

A custodian is a person who takes care of something. For example, a custodian can be someone who takes care of a child's money until they are old enough to use it. In bankruptcy, a custodian is someone who is appointed to take care of a person's property to help pay off their debts.

A more thorough explanation:

A custodian is a person who is responsible for taking care of something. This can include managing property or assets, enforcing liens, or general administration of property for the benefit of creditors.

  • Under the Uniform Transfers to Minors Act (UTMA) and Uniform Gifts to Minors Act (UGMA), a custodian is a person named to manage property left or given to a child until they reach the age specified by state law.
  • In the context of bankruptcy, a custodian can be a receiver, trustee, assignee, or agent appointed to take charge of property for the purpose of enforcing a lien or general administration for the benefit of creditors.
  • A school custodian is responsible for maintaining and cleaning the school building and grounds.

These examples illustrate how a custodian can have different responsibilities depending on the context. In all cases, however, a custodian is someone who has been entrusted with the care and management of something valuable.

custodial parent | custody

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1a2b3c4d26z
19:59
Not legal advice
[] baddestbunny
19:59
haha
windyMagician
20:03
i would say yes, if they wanted it to be inclusive they should have said and/or
windyMagician
20:04
this is like an lr question
[] baddestbunny
20:04
the or was italicized originally if that helps at all
1a2b3c4d26z
20:05
Then it's totally inclusive
[] baddestbunny
20:06
see that's what UVA says
[] baddestbunny
20:06
Duke says: Will you be a first-generation professional student (i.e., none of your parent(s) or the people who raised you have a degree beyond the bachelor's level)?
[] baddestbunny
20:07
so my answer to that I think is no
[] baddestbunny
20:07
but it's all so complicated
1a2b3c4d26z
20:07
No bergly yet again :(
WorthlessAttractiveZombie
20:10
borkley is giving me major blue balls rn
KnowledgeableGaudyMillipede
20:10
borgley
windyMagician
20:10
how does italicizing the or make it inclusive?
KnowledgeableGaudyMillipede
20:10
buckley
1a2b3c4d26z
20:11
@windyMagician: vibes
Dkk
20:17
Nah, if the parent was never there then fuck em. @Bunny, Also where is my below lower quartile gang at?
Dkk
20:18
Man I am so proud of my GTown video. Genius. Guaranteed A.
[] baddestbunny
20:18
below lower quartile for Berkeley or just in life?
Dkk
20:18
Lol, uhh below lower quartile GPA all T14's.
Dkk
20:20
Some T14's for LSAT. About half.
[] baddestbunny
20:21
you're at LSAT median for UMN
[] baddestbunny
20:22
I'm below GPA lower quartile for HYSC
[] baddestbunny
20:22
it's all just numbers
[] baddestbunny
20:22
hehehehe
Dkk
20:26
Indeed it is! What app are you doing today?
20:29
does anyone know how to sync lawhub to LSD
20:30
I am not sure what login credentials to use
1a2b3c4d26z
20:30
lsac i believe
20:30
like just the login for lawhub?
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