A third person in good faith and without court order may act on the instructions of or otherwise deal with any person purporting to make a transfer or purporting to act in the capacity of a custodian and, in the absence of knowledge, shall not be responsible for determining:
(1) the validity of the purported custodian's designation;
(2) the propriety of, or the authority under this subchapter for, any act of the purported custodian;
(3) the validity or propriety under this subchapter of any instrument or instructions executed or given either by the person purporting to make a transfer or by the purported custodian; or
(4) the propriety of the application of any property of the minor delivered to the purported custodian.
Section: Previous 9-26-209 9-26-210 9-26-211 9-26-212 9-26-213 9-26-214 9-26-215 9-26-216 9-26-217 9-26-218 9-26-219 9-26-220 9-26-221 9-26-222 9-26-223 NextLast modified: November 15, 2016