Section 17. (a) A claim based on (i) a contract entered into by a custodian acting in a custodial capacity, (ii) an obligation arising from the ownership or control of custodial property, or (iii) 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 therefor.
(b) A custodian shall not be 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 shall not be personally liable for an obligation arising from ownership of custodial property or for a tort committed during the custodianship unless such minor is personally at fault.
Structure Massachusetts General Laws
Part II - Real and Personal Property and Domestic Relations
Chapter 201a - Uniform Transfers to Minors Act
Section 2 - Scope and Jurisdiction
Section 3 - Nomination of Custodian
Section 4 - Transfer by Gift or Exercise of Power of Appointment
Section 5 - Transfer Authorized by Will or Trust
Section 6 - Other Transfer by Fiduciary
Section 7 - Transfer by Obligor
Section 8 - Receipt for Custodial Property
Section 10 - Single Custodianship
Section 11 - Validity and Effect of Transfer
Section 12 - Care of Custodial Property
Section 13 - Powers of Custodian
Section 14 - Use of Custodial Property
Section 15 - Custodian's Expenses, Compensation, and Bond
Section 16 - Exemption of Third Person From Liability
Section 17 - Liability to Third Persons
Section 19 - Accounting by and Determination of Liability of Custodian
Section 20 - Termination of Custodianship
Section 22 - Effect on Existing Custodianships