Section 404.610 Liability to third persons.

MO Rev Stat § 404.610 (2019) (N/A)

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Effective 28 Aug 1986

404.610. Liability to third persons. — 1. A claim based on: (i) a contract entered into by a personal custodian acting in a custodial capacity, (ii) an obligation arising from the ownership or control of custodial property, or (iii) a tort committed during the personal custodianship, may be asserted against the custodial property by proceeding against the personal custodian in the custodial capacity.

2. A personal custodian is not personally liable:

(1) On a contract properly entered into in the custodial capacity unless the personal custodian fails to reveal that capacity and to identify the personal custodianship in the contract; or

(2) For an obligation arising from control of custodial property or for a tort committed during the personal custodianship unless the personal custodian is personally at fault.

3. A beneficiary is not personally liable for an obligation arising from ownership of custodial property or for a tort committed during the personal custodianship unless the beneficiary is personally at fault.

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(L. 1986 S.B. 651 § 10)

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Section 404.600 Exemption of third person from liability.

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Section 404.620 Accounting by custodian, approval by court, waiver — determination of liability of custodian — time limitations for beneficiary to bring actions.