2006 New York Code - Liability To Third Persons

 
  § 7-6.17 Liability to third persons
    (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 therefor.
    (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.