New Jersey Revised Statutes § 46:38a-40 - Liability Of Custodian To Third Persons

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.


Section: Previous  46-38a-33  46-38a-34  46-38a-35  46-38a-36  46-38a-37  46-38a-38  46-38a-39  46-38a-40  46-38a-41  46-38a-42  46-38a-43  46-38a-44  46-38a-45  46-38a-46  46-38a-47  Next

Last modified: October 11, 2016