New Jersey Statutes
§ 46:38A-40 — Liability of custodian to third persons
New Jersey·Title 46 PROPERTY
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 transfer