46:38A-38. Exemption of third person from liability
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:
a. The validity of the purported custodian's designation;
b. The propriety of, or the authority under this chapter for, any act of the purported custodian;
c. The validity or propriety under this chapter of any instrument or instructions executed or given either by the person purporting to make a transfer or by the purported custodian; or
d. The propriety of the application of any property of the minor delivered to the purported custodian.
L. 1987, c. 18, s. 1.
Section: Previous 46-38a-31 46-38a-32 46-38a-33 46-38a-34 46-38a-35 46-38a-36 46-38a-37 46-38a-38 46-38a-39 46-38a-40 46-38a-41 46-38a-42 46-38a-43 46-38a-44 46-38a-45 Next
Last modified: October 11, 2016