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Title: PROPERTY
Section: Liability of custodian to third persons
Statute: 46:38A-40
Statute 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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