46:38A-40 - Liability of custodian to third persons - New Jersey Statutes

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.