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, is not responsible for determining:
(1) The validity of the purported custodian's designation;
(2) The propriety of, or the authority under this article for, any act of the purported custodian;
(3) The validity or propriety under this article 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 44-5-119 44-5-120 44-5-121 44-5-122 44-5-123 44-5-124 44-5-125 44-5-126 44-5-127 44-5-128 44-5-129 44-5-130 44-5-131 44-5-132 44-5-133 NextLast modified: October 14, 2016