Claims against custodial property; liability of custodian and beneficiary.

  1. Law
  2. Oregon Revised Statutes
  3. Landlord-Tenant, Domestic Relations, Probate
  4. Property Held for the Benefit of Minors; Uniform Transfers to Minors Act
  5. Claims against custodial property; liability of custodian and beneficiary.

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(2) 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.

(3) A beneficiary is not personally liable for an obligation arising from ownership of custodial property or for a tort committed during the custodianship unless the beneficiary is personally at fault. [1985 c.665 §18; 2005 c.349 §12]


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