§ 30-2-8-5-32

(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 both; 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.(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 fails 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.As added by P.L.267-1989, SEC.2.