46:38A-40. Liability of custodian to third persons
65 words·~1 min read·
/nj/title-46/chapter-38a/46-38a-40·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A custodian is not personally liable:
a. On a contract properly entered into in the custodial capacity unless the custodian fails to reveal that capacity and to identify the custodianship in the contract; or
b. For an obligation arising from control of custodial property or for a tort committed during the custodianship unless the custodian is personally at fault.
L. 1987, c. 18, s. 1.