Section 46:38A-40 - Liability of custodian to third persons

NJ Rev Stat § 46:38A-40 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

46:38A-40. Liability of custodian to third persons

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.