KRS 385.172: Liability to third persons.

(1) A claim based on:

(a) A contract entered into by a custodian acting in a custodial capacity;

(b) An obligation arising from the ownership or control of custodial property; or

(c) A tort committed during the custodianship, may be asserted against the

custodial property by proc eeding against the custodian in the custodial

capacity, whether or not the custodian or the minor is personally liable

therefor.

(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 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.