§ 30-2-8.5-32 — Liability to third person

Indiana § 30-2-8.5-32

• Jurisdiction: Indiana
• Art. 2: GENERAL PROVISIONS
• Ch. 8.5: Indiana Uniform Transfers to Minors Act

Text

(a) A claim based on:
(1) a contract entered into by a custodian acting in a custodial
capacity;
(2) an obligation arising from the ownership or control of
custodial property, or both; or
(3) a tort committed during the custodianship;
may be asserted against the custodial property by proceeding against
the custodian in the custodial capacity, whether or not the custodian or
the minor is personally liable.
(b) A custodian is not personally liable:
(1) on a contract properly entered into in the custodial capacity
unless the custodian fails to reveal that capacity and fails to
identify the custodianship in the contract; or
(2) for an obligation arising from control of custodial property or
for a tort committed during the custodianship unless the custodian
is personally at fault.
(c) A minor is not personally liable for an obligation arising from
ownership of custodial property or for a tort committed during the
custodianship unless the minor is personally at fault.

Legislative History

As added by P.L.267-1989, SEC.2.