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New Jersey Statutes, Title: 46, PROPERTY

    Chapter 38a:

      Section: 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.



This section added to the Rutgers Database: 2012-09-26 13:37:54.






Older versions of 46:38a-40 (if available):



Court decisions that cite this statute: CLICK HERE.