New Jersey Statutes
§ 46:38A-40 — Liability of custodian to third persons
New Jersey § 46:38A-40
JurisdictionNew Jersey
Title 46PROPERTY
This text of New Jersey § 46:38A-40 (Liability of custodian to third persons) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.J. Stat. Ann. § 46:38A-40 (2026).
Text
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.
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Nearby Sections
15
§ 46:38A-1
Short title§ 46:38A-13
Transfers by a guardian§ 46:38A-15
Transfer by obligor§ 46:38A-16
Transfer by obligor; custodian nominated§ 46:38A-18
Receipt for custodial property§ 46:38A-19
Manner of creating custodial property and effecting transfer; designation of initial custodian§ 46:38A-2
Definitions§ 46:38A-21
Control of custodial property§ 46:38A-22
Single custodianship§ 46:38A-23
Validity of transferCite This Page — Counsel Stack
Bluebook (online)
New Jersey § 46:38A-40, Counsel Stack Legal Research, https://law.counselstack.com/statute/nj/46/46%3A38A-40.