§ 18-7-18. Liability to third person.
(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 his or her custodial capacity, whether or not the custodian or the minor is personally liable therefor.
(b) A custodian is not personally liable:
(1) On a contract properly entered into in his or her 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.
History of Section.P.L. 1985, ch. 389, § 2.
Structure Rhode Island General Laws
Chapter 18-7 - Uniform Transfers to Minors Act
Section 18-7-1. - Short title.
Section 18-7-2. - Definitions.
Section 18-7-3. - Scope and jurisdiction.
Section 18-7-4. - Nomination of custodian.
Section 18-7-5. - Transfer by gift or exercise of power of appointment.
Section 18-7-6. - Transfer authorized by will or trust.
Section 18-7-7. - Other transfer by fiduciary.
Section 18-7-8. - Transfer by obligor.
Section 18-7-9. - Receipt for custodial property.
Section 18-7-11. - Single custodianship.
Section 18-7-12. - Validity and effect of transfer.
Section 18-7-13. - Care of custodial property.
Section 18-7-14. - Powers of custodian.
Section 18-7-15. - Use of custodial property.
Section 18-7-16. - Custodian’s expenses, compensation, and bond.
Section 18-7-17. - Exemption of third person from liability.
Section 18-7-18. - Liability to third person.
Section 18-7-20. - Accounting by and determination of liability of custodian.
Section 18-7-21. - Termination of custodianship.
Section 18-7-22. - Applicability.
Section 18-7-23. - Effect on existing custodianships.
Section 18-7-24. - Uniformity of application and construction.