(a) A claim based on (1) a contract entered into by a custodian acting in a custodial capacity, (2) an obligation arising from the ownership or control of custodial property, or (3) a tort committed during the custodianship, may be asserted against the custodial property by proceeding against the custodian in the custodial capacity, whether or not the custodian or the minor is personally liable.
(b) A custodian is not personally liable
(1) 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
(2) for an obligation arising from control of custodial property or for a tort committed during the custodianship unless the custodian is personally at fault.
(c) A minor is not personally liable for an obligation arising from ownership of custodial property or for a tort committed during the custodianship unless the minor is personally at fault.
Structure Alaska Statutes
Title 13. Decedents' Estates, Guardianships, Transfers, Trusts, and Health Care Decisions
Chapter 46. Alaska Uniform Transfers to Minors Act
Sec. 13.46.010. Scope and jurisdiction.
Sec. 13.46.020. Nomination of custodian.
Sec. 13.46.030. Transfer by gift or exercise of power of appointment.
Sec. 13.46.040. Transfer authorized by will or trust.
Sec. 13.46.050. Other transfer by fiduciary.
Sec. 13.46.060. Transfer by obligor.
Sec. 13.46.070. Receipt for custodial property.
Sec. 13.46.085. Native corporations; custodians.
Sec. 13.46.090. Single custodianship.
Sec. 13.46.100. Validity and effect of transfer.
Sec. 13.46.110. Care of custodial property.
Sec. 13.46.120. Powers of custodian.
Sec. 13.46.130. Use of custodial property.
Sec. 13.46.140. Custodian's expenses, compensation, and bond.
Sec. 13.46.150. Exemption of third person from liability.
Sec. 13.46.160. Liability to third persons.
Sec. 13.46.180. Accounting by and determination of liability of custodian.
Sec. 13.46.190. Termination of custodianship.
Sec. 13.46.195. Changing the time for transfer of custodial property.
Sec. 13.46.197. Extension of custodial term by custodian.
Sec. 13.46.200. Applicability.
Sec. 13.46.210. Effect on existing custodianships.